CIVIL

Nirav Modi PNB Fraud documents were seized from Cyril Amarchand Mangaldas Law firm by CBI

Sep 19, 2018:-Cyril Amarchand Mangaldas (CAM), an Indian law firm, is being scrutinized by investigators after seizing documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM’s premises in February, a lawyer representing the government and a police source told Reuters.

In mid-February, Modi’s aides packed cartons of documents at one of his diamond firm’s offices in Peninsula Chambers, Peninsula Corporate Park, GK Marg, Lower Parel, Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on February 21, a review of the Central Bureau of Investigation’s (CBI) court filings and witness testimonies showed.

K Raghavacharyulu, a CBI prosecution lawyer in the Modi case, said CAM possessed documents detailing Modi’s dealings with PNB, even though the firm wasn’t representing the diamond magnate or his companies. Therefore there is no client -advocate relationship between the parties. He again said it is possible the police could bring charges against CAM for helping conceal documents. “Who told you we are not going to charge them?” “The possibility of naming CAM in the next Nirav Modi case charge sheet has not been ruled out.”

Cyril Amarchand Mangaldas was founded on May 11, 2015 headed by Mr. Cyril Suresh Shroff

Categories: CIVIL