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The big bank fraud: Guilty won't be spared, says Law Minister

Speaking at a press conference, Ravi Shankar Prasad, Minister of Law said that no one in the banking system will be spared who has helped Nirav Modi and company.

February 15, 2018 / 18:15 IST

The Enforcement Directorate (ED) today raided Nirav Modi's home, showrooms and offices in Mumbai, Delhi and Surat.

This after Punjab National Bank (PNB) complained that a massive fraud was conducted at one of the banks' branches to benefit Nirav Modi.

Speaking at a press conference, Ravi Shankar Prasad, Minister of Law said that no one in the banking system will be spared who has helped Nirav Modi and company.

Watch accompanying video for more details…

CNBC-TV18
first published: Feb 15, 2018 06:13 pm

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