There are so many zeros in 11500 crores that we can’t even count. But probably the biggest zero in this case is PNB bank, which didn’t realize that all this was happening behind their backs until the final moment.
So what’s his background like?
What did he do?
When Jewellery businessman Hari Prasad sent over a complaint to SEBI, RoC, PMO and other offices, he got no response from them. In fact, they even closed his case without taking any action. It was suspected that Nirav knew some people working in these offices. When it came to PNB, Nirav also knew some junior level bankers who didn’t do a background check and didn’t store the LOUs in the correct manner. He also made friends with the Deputy GM of the PNB bank who conveniently retired.
WTF you sayin?
The banks got about 5000 crores of jewellery after the government raided his properties and recovered most of his assets. The government is all out to catch him and extradite him back to the country. Their official stance is “no one, no matter how big, would be spared”. Just like Mallaya, he will be caught and put behind bars. He’s been reported to be staying at the JW Marriott Essex House on the 36th floor with his wife and kids. Although, we’re not quite sure whether he’s running away or not, he’s under the radar of governments, journalists and recovery agents.
S h a r e:
[wpdevart_facebook_comment curent_url=”” order_type=”social” width=”100%” bg_color=”#d4d4d4″ animation_effect=”random” count_of_comments=”5″]