‘Nirav Modi is Not Absconding, He is Out on Business’: Lawyer

Nirav Modi’s lawyer, Vijay Aggarwal, said that the PNB fraud is set to collapse the same way that the 2G scam did.

Nirav Modi is the main accused in an alleged fraud of over Rs 11,300 crore in Punjab National Bank.

(Photo Courtesy: Facebook/Nirav Modi)

Diamantaire Nirav Modi’s lawyer Vijay Aggarwal has expressed confidence in his client’s innocence in the largest ever bank fraud case in the history of India. He has also questioned on what basis is he being labelled a fugitive.

According to an ANI report, Vijay Aggarwal asserted that his client was not an absconder.

Please explain to me who is a fugitive? He has been summoned to either appear in person or through authorised representatives. You have branded him as a fugitive on what basis, please tell me. There are so many people who are out of country because they have a global business.

Vijay Aggarwal to ANI

Maintaining that his client is not an absconder, Vijay Aggarwal said that Nirav Modi went out of India for business purposes and that his family members also stay abroad most of the time.

This is your perception that he is absconder. He is not absconding. He has a global business and he went out of India for business purpose. Now his passport has been revoked. His family members, some of them are foreign nationals, also stay abroad most of the time.

According to a BloombergQuint report, Aggarwal told ANI that the PNB fraud is set to collapse the same way that the 2G scam did.

Agencies are making noises in the media but they will not be able to prove the charges in a court of law.

Aggarwal also told ANI that he believes that the fate of the case is 'khoda paahad, nikali chuiya’ and that the strategy of the case will be worked out once the CBI files the chargesheet.

Nirav Modi is the main accused in an alleged fraud of over Rs 11,300 crore at Punjab National Bank.

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