Nirav Modi’s Honest Letter to Punjab National Bank
D ear Punjab National Bank, It’s been a rough week. When the news broke that I had defrauded banks worth ₹3000 crore, I couldn’t believe what I was reading. I broke down in my million-dollar 27-room villa in Antwerp and almost didn’t go partying that night. I wanted to sit back and weep. Firstly, because the figure was wrong (it was actually upward of ₹11,300 crore ) and that was so insulting. Secondly, because everyone was saying I had run away from the country, when the truth was that I had flown away in a private jet. BTW, it took me less time to reach Belgium than it did for me to travel from my South Bombay home to the airport. What’s really disappointed me is that after being in a steady relationship for more than seven years, you suddenly went “It’s not you, it’s me” on me, and headed to the CBI. What were you thinking? Given the CBI’s illustrious record of single-digit convictions in corruption cases over the last 50 years, you need to think closely if giving up on o...