PNB Scam: Congress helped Nirav Modi, Choksi under 80:20 gold scheme: BJP

PNB Scam: Congress helped Nirav Modi, Choksi under 80:20 gold scheme: BJP 

 The Bharatiya Janata Party (BJP) on Monday said the Congress helped Punjab National Bank (PNB) fraud accused Nirav Modi and Mehul Choksi under 80:20 gold scheme in 2014.

Addressing a press conference here, Union Law Minister Ravi Shankar Prasad said former Finance Minister Chidambaram favoured seven private companies, including Fire Star Diamond of Nirav Modi and Gitanjali Gems of Mehul Choksi, under the 80:20 gold scheme on the day of election results in 2014.

The 80:20 scheme was launched in August 2013 to curb gold imports to tame the current account deficit. The Congress-led United Progressive Alliance (UPA) government had eased some of the curbs and private agencies were allowed to import gold under the scheme that mandated traders to export 20 percent of all gold imported while retaining 80 percent for domestic use. 

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