The Nirav Modi bank fraud had rocked the country has been in the eye of the storm. In a fresh development in the case, the CBI has issued a non-bailable warrant has been issued against both Nirav Modi and Mehul Choksi.
— ANI Digital (@ani_digital) April 8, 2018
The Congress party has been accusing the government of assisting Nirav Modi and making this a political issue in the run up to Karnataka assembly polls. Even though the Nirav Modi scam has landed squarely on the Congress’ doorstep and the 20:80 Gold Scheme sanctioned by P Chidambaram benefitted 13 companies including Mehul Choksi’s firm.
The BJP, on the other hand, has accused that most of the loans to Nirav Modi were approved under UPA. It has also publicised various benefits that Congressmen have reaped from the tainted businessman. BJP has defended itself by saying that none of its ministers or party-men is involved in the fraud.
Letter written by Dinesh Dubey, govt nominee on Allahabad Bank appointed by Congress, to then Finance Sec (2013) pointing to his dissent being overruled and Choksi, Nirav Modi being given illegitimate loans… Shocking how a whistleblower was forced to resign. Who forced him? pic.twitter.com/J0bUCVRoNm
— Amit Malviya (@malviyamit) February 16, 2018
According to India Today, Allahabad overseas branch officer are also under the radar of investigating agencies. Some of the officers have been summoned for questioning in the case according to reports.
— India Today (@IndiaToday) April 8, 2018
The move taken by CBI today indicates that it is intent on nabbing the absconding businessmen. However, it remains to be seen if this can actually result in the arrest of Mehul Choksi and Nirav Modi.