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Full report about the scam of Punjab National Bank by Nirav Modi

By Yogesh Gaur on September 13, 2018

The central government has opposed the demand of a special investigation team (SIT) to probe the Punjab National Bank scam of more than Rs 11,300 crores. A PIL has been filed in this regard in the Supreme Court, seeking the formation of the SIT to investigate the case and bring the diamond trader Nirav Modi, allegedly involved in this case, from abroad. Contrary to the petition, the government said that FIR has been registered in this case and the investigation is underway. On this, the court said that he is not yet commenting on the matter. The court fixed the date of March 16 for hearing the petition.

The PIL was filed on behalf of lawyer Vineet Dhanda. In the petition, the Punjab National Bank, the Reserve Bank of India, the Finance Ministry and the Ministry of Law and Justice have been made the Defendant. The petitioner demanded that in this banking scam, the alleged Nirav Modi and others involved in the alleged scam should be asked to initiate action to bring India within two months. Also, it has been requested to get it done from the SIT. Apart from this, it has also been demanded to examine the role of top management of Punjab National Bank.

On behalf of the Central Government, the attorney general K. Venugopal said that after the FIR was registered in this case, the investigation started. Apart from this, there are several such points on which they are opposing this PIL. Let us know that in the case of the scandal, the CBI had registered the first FIR against Nirav Modi, his relative Geetanjali James’s Mehul Vigilance and others on January 31 and just a few days ago, he has filed another FIR.

It has also been said in the petition that the Ministry of Finance should prepare guidelines to ensure the security and recovery of the money in the event of sanction and distribution of debt of ten crore rupees or more. It has been demanded that the court issue instructions to the Finance Ministry in this regard. Apart from this, there has been a request for special arrangements for tackling cases of bank accounts of the banks in the country. People has also requested to direct the bank employees to grant loans on the basis of the flaws in the documents and to order the seizure of such officials for the recovery of the debt, even if they retire.

Meanwhile, another lawyer Manohar Lal Sharma also filed a public interest petition and requested the Supreme Court judges to be included in the Special Investigation Team constituted to investigate the scam. In the petition, he has claimed that this big tragedy has caused serious damage to the common man and the public exchequer. Sharma has said in the petition that the probe should not be investigated by any agency which is in control of political leaders and authorities. The petition has alleged that in this case loans were provided without complying with the financial rules and regular arrangements of the Reserve Bank.

What do you think about the scam?

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Read also: http://www.yogeshgaur.com/beware-your-devices-security-is-in-threat-as-per-google


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