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The Confidant's Confession: Nirav Modi's Brother-in-Law Secures Pardon in PNB Scam

  • Nishadil
  • September 28, 2025
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The Confidant's Confession: Nirav Modi's Brother-in-Law Secures Pardon in PNB Scam

In a dramatic twist to the colossal Rs 13,000 crore Punjab National Bank (PNB) fraud case, Maiank Mehta, brother-in-law of the fugitive diamantaire Nirav Modi, has been granted a conditional pardon by a special CBI court. This significant development could prove to be a pivotal moment in unraveling the intricate web of deceit surrounding one of India's largest financial scandals.

Mehta’s plea to turn an approver, offering to make a full and true disclosure of all information pertinent to the multi-crore scam, was accepted by the court.

The CBI, which is spearheading the investigation, did not raise any objections to his application, underscoring the potential value of his testimony. This suggests that investigators believe Mehta holds crucial insights that could significantly advance the case against other accused, including Nirav Modi himself.

The conditions for this pardon are stringent: Mehta must provide a complete and truthful account of everything he knows regarding the fraud.

His cooperation is deemed essential by the prosecuting agency, which indicated to the court that his possession of vital information makes him a key witness. Currently based in Hong Kong, Mehta is expected to cooperate with the Indian authorities via video conferencing, ensuring his participation in the ongoing legal proceedings despite his geographical distance.

The PNB fraud, which came to light in early 2018, involved the fraudulent issuance of Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs) from PNB to various companies linked to Nirav Modi and his uncle Mehul Choksi, enabling them to obtain credit from overseas banks.

This elaborate scheme, which allegedly went undetected for years, has had far-reaching implications, shaking public confidence in the banking sector and leading to a massive hunt for the primary perpetrators.

Mehta’s decision to become an approver and the court’s subsequent conditional pardon could shed new light on the inner workings of the alleged conspiracy, potentially exposing more individuals involved and providing critical evidence to strengthen the prosecution's case.

This move represents a strategic gain for the CBI, as they continue their relentless pursuit of justice in this high-profile economic offense.

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