Mumbai: Actress Priyanka Chopra, the global brand ambassador for Nirav Modi, is seeking legal opinion to terminate her contract now that the jeweller has been accused of committing a major banking fraud, her spokesperson said on Thursday.

Amid revelations that Nirav Modi was the prime accused in a Rs 11,515 crore fraud involving the Punjab National Bank, there was speculation that Priyanka was suing the brand for non-payment of dues.

"There are speculative reports that Priyanka Chopra has sued Nirav Modi. This is not true. However, she is currently seeking legal opinion with respect to terminating her contract with the brand in light of allegations of financial fraud against Nirav Modi," the spokesperson said in a statement.

Watch Priyanka with Sidharth Malhotra in Nirav Modi Ad below: