PNB fraud: Criminal breach of trust charge added to FIR in Nirav’s firm
MUMBAI: The CBI on Wednesday told a special court that it has added the charge of 'criminal breach of trust' to the case related to diamantaire Nirav Modi's firms in the alleged multi-crore Punjab National Bank (PNB) scam. The agency had yesterday informed the court it had added 'criminal breach of trust' charge to the case related to diamond trader Mehul Choksi's firms. Modi's firms allegedly defrauded PNB of over Rs 6,000 crore, while Choksi's firms Rs 7,080 crore. The maximum punishment for the offence under section 409 (criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC is life imprisonment.