Supreme Court moved looking forever detainment for defaulters: PNB fraud case

New Delhi, Feb 20 An appeal to has been filed in the Supreme Court requesting life time detainment for the individuals will's identity sentenced in the Punjab National Bank (PNB) fraud case.

Promoter JP Dhanda, who fraud the petition on the command of legal advisor Vineet Dhanda on Monday, demanded stringent actions against all who are pronounced guilty in the scam.

JP Dhanda said the Finance Ministry should to know about the data with respect to this issue.

"This is a Public Interest Litigation (PIL) which I have filed under the steady gaze of the Supreme Court. It is with respect to the scam which has occurred in the Mumbai branch of Punjab National Bank (PNB). The fraud is of Rs 11,400 crore. Strict move will be made against the individuals who are engaged with this scam. The punishment should be life time imprisonment rather than three to four years of jail," he included.

He further said bank accounts of businessman Nirav Modi should be seized and he ought to be taken back to India as quickly as time permits.

"His property should be unloaded in the market and funds should to be raised from that," JP Dhanda expressed.

CJI Dipak Misra-drove bench will hear the PIL filed by lawyer Vineet Dhanda.

Dhanda, in his PIL, also sought action against the PNB top authorities engaged with the asserted Rs 11,300 crore misrepresentation.

The candidate has also requested that the best court coordinate Finance Ministry and the Reserve Bank of India (RBI) to outline rules for give of advances more than Rs 10 crore while requesting an advisory group of specialists to document details of bad debts in the country.

This is the second request of after promoter Manohar Lal Sharma, documented an appeal to in the best court looking for a Court-observed SIT test into the saving money extortion.

Niravi Modi and Gitanjali Gems Chairman and Managing Director Mehul Choksi, who are the principle charged in the over Rs 11,300 crore trick left India in January.

In the interim, the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) are testing the issue and leading quests and strikes at different areas connected with Nirav Modi and Gitanjali Gems.

The scam was started in 2011 and was detected in the third week of January this year after which the PNB officials reported it to the concerned agencies.