Celebrity jeweller Nirav Modi, the alleged kingpin of the largest banking scam in the country’s history, has said PNB’s overzealousness shut the doors on his ability to clear the dues in a letter to the Punjab National Bank’s management.
Modi also said the dues were much less than what the bank has claimed, and that his relatives booked in the cases filed by the central agencies had nothing to do with the operations of the firms under their scanner.
In a letter Modi wrote on February 15/16 to the Punjab National Bank management – a copy of which PTI has seen – he pegged the money his companies owe to the bank at under Rs 5,000 crore.
