30 October, 2020

Lax System Enabled Nirav Modi To Pull Off His Con | By Aniruddha Bahal

Top bank employees, government agencies like the ED and a lax system enabled Nirav Modi to pull off his con

Silent Stealer
Protesters shout slogans against Nirav Modi in New Delhi
Photograph by PTI
Lax System Enabled Nirav Modi To Pull Off His Con | By Aniruddha Bahal
outlookindia.com
2018-08-11T13:51:58+05:30

As India turns 71 next week, Outlook zeroed in on 21 individuals who have made a lasting impression on this country – for both good and bad – so far in the 21 st century. And we got 21 equally important personalities to write on the 21 individuals we chose.

In this column, Cobrapost.com editor Aniruddha Bahal writes on Nirav Modi. "Every decade throws its star con. If the 1950s had Teja, 60 years later, the 2020s has Nirav as its star con," writes Bahal.

 

About a month after we became aware of Nirav Modi  defrauding the Punjab National Bank (PNB) of nearly Rs 14,000 crore, I got a call from a UK-based company staffed with private investigators. They had contacted me earlier to chat about the affairs of an international fund investing in Indian start-ups. This time around, the voice at the other end was enquiring about Nirav. I promptly shot off the FIR that the PNB had registered in the case. But then it got interesting. He said that the client they...

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