Congress President Rahul Gandhi has sought to bring Prime Minister Narendra Modi in the line of fire on the PNB banking scam saying he should explain how Rs 22,000 crore was "taken" away from the country's banking system by jeweller Nirav Modi, the main accused, after the demonetisation.
The Nirav Modi-PNB fraud is a bomb as far as the Modi government is concerned with the Congress going full throttle over two fraudsters escaping under Modi watch -- Vijay Mallya first and Nirav Modi now. The BJP is likely to suffer in the battle of perception especially with Modi's great claim against corruption. It does not matter when or how the fraud started, the point is it continued under this government. No wonder the BJP fielded its veteran spokesperson now the defence minister Nirmala Sitharaman to try and deflect the issue before its blows up in their faces.
Only the naive would believe that just two officials were involved in the $1.8 billion fraud in Punjab National Bank (PNB) and that the whole bank was in the dark for the past seven years.
In a rare gesture, Iranian President Hassan Rouhani, who is a senior Shia cleric too, on Friday visited the historic Makkah Masjid, a Sunni mosque, to offer prayers and called for unity among Muslims across the world.
Jewellery traders and exporters are apprehending that "ripple effects" of the $1.8 billion fraud involving billionaire diamond trader Nirav Modi's companies could make lenders more cautious and impact credit flow to the industry to some extent.
Manik Sarkar, who has been Chief Minister of Tripura for the past 20 years and is attempting a fifth term, has accused the Modi government of being in cahoots with the separatist tribal party, Indigenous People's Front of Tripura (IPFT), and declares that the people of the northeastern state will fight "tooth and nail" to prevent its division.