In September, shareholders of PNB cleared a proposal for selling 10 crore equity shares to the employees of the bank and Rs 2,816-crore capital infusion by the government. Both Nirav Modi and his uncle Mehul Choksi are accused of duping a Mumbai branch of PNB for an amount of over $2 billion.
Last month, senior Bharatiya Janata Party (BJP) leader Subramanian Swamy had blamed Secretary of Finance and Revenue, Hasmukh Adhia helped the fugitive celebrity jewellery designer his uncle Mehul Choksi flee India. Swamy wrote a letter to Finance Minister Arun Jaitley to start investigation against Adhia and also claimed that he is still in touch with Nirav Modi. In his letter, Swamy has urged Jaitley to prosecute Adhia under Section 197 of CrPC and Section 19 Prevention of Corruption Act.
“I wrote to Union Finance Minister Arun Jaitley today, seeking sanctions to prosecute Hasmukh Adhia. He has been involved in not only many corrupt activities listed in the letter, but also in protecting corrupt people like P. Chidambaram and Sonia Gandhi. He has transferred all officers who have taken action against them, against these people in the National Herald, Income Tax matters. He has transferred a young Revenue Service Officer who was doing very good work,” Swamy told ANI during an interview.