Modi's counter attack to Congress on PNB scam after Karnataka polls

PNB issued over 1,200 fraudulent LoUs to Nirav Modi firms since 2011, of which around 400 were issued during the previous government's regime

As Opposition parties continue to sledgehammer the government over the Punjab National Bank fraud perpetrated by a group of companies belonging to merchants Nirav Modi and Mehul Choksi, the buzz in the bureaucratic circles is that the government will soon present a counter-narrative of the whole episode to put pressure on the Congress that led the previous government at the Centre. The NDA government is waiting for the Karnataka Assembly polls to get over to present a “factual” account of the Modi-Choksi scam showing how the loans were issued by PNB to these firms since 2011, a senior government official