PNB fraud: Crim­i­nal breach of trust charge added to FIR in Ni­rav’s firm

The Free Press Journal - - MUMBAI/STATE - —Staff Re­porter & Agen­cies

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.

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