Nirav Modi reached out for repayment: PNB on $1.77 bn fraud
PNB chief Sunil Mehta has said Nirav Modi reached out to present a repayment plan after the bank detected fraud transactions worth $1.77 billion linked to his firms. Nirav reportedly claimed to raise â¹6,000 crore by selling his company Firestar Diamond and sought 6 months time. However, Mehta added that Nirav did not come out with a concrete repayment plan.