Nirav Modi and his brand clearly meant to cater to the rich and famous and have been associated with top Indian and foreign celebrities. Priyanka Chopra is a brand ambassador, Kate Winslet and many others have sported his designs on the international red carpet.
The current issue is about Letters of Understanding issued by the Punjab National Bank favouring Nirav Modi’s businesses and debts run up by Modi and his associates and money laundering to the tune of hundreds of crores. It seems clear the fraud could not have been perpetrated without the collusion of bank officials who circumvented the bank’s SWIFT core banking system.
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