PNB scam: Supreme Court dismisses plea seeking SIT probe against Nirav Modi

The Supreme Court today rejected a plea (PIL) seeking special investigation team (SIT) probe into the Nirav Modi scam.

The court said that allegations mentioned in the plea were reckless and uncalled for. Attorney general (AG) K K Venugopal pointed out that the PIL has made baseless allegations against the Prime Minister and the finance minister in the scam involving Punjab National Bank.

The PIL, filed by advocate M L Sharma, had alleged that no banks would release huge funds without the intervention of the political leadership.


A bench headed by Chief Justice Dipak Misra expressed strong displeasure over the allegations made in the petition against the Prime Minister and the Finance Minister.

The Supreme Court said that since the AG has said the chargesheet has been filed in the Nirav Modi scam, and because such reckless allegations are made, it is not inclined to entertain the PIL.

The Interpol, earlier this week had issued a Red Corner Notice (RCN) against fugitive diamantaire Nirav Modi, his brother Neeshal Modi and close aide Parab Subhash Shankar in connection with the multi-crore Punjab National Bank (PNB) scam worth Rs 13,578 crore, revealed the CBI in a statement on Monday.