Priyanka Chopra breaks ties with Nirav Modi over allegations of Rs 11,400-crore fraud
Nirav Modi has been dominating headlines in the last few days, after it emerged that he allegedly committed fraud worth around Rs 11,400 crore.
It is alleged that the celebrated jewellery designer obtained off-the-books Letters of Understanding from two employees of Punjab National Bank and encashed them overseas.
It was only this month that the bank found out about the fraudulent transactions to the tune of approximately Rs 11,400 crore and alerted the Central Bureau of Investigation (CBI). However, it was discovered that Nirav Modi and his family had already fled the country.
Priyanka Chopra, who had been the brand ambassador of Nirav Modi's jewellery line since early 2017, has now distanced herself from the disgraced jewellery designer.
"In light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand," the actress's spokesperson told ANI.
Incidentally, when she had come on board as the brand ambassador, Priyanka had called their association "like a meeting of minds in many ways".
When Nirav Modi's alleged involvement in the Punjab National Bank fraud was first reported, there were rumours that Priyanka would be suing him. However, her spokesperson denied the reports and said that she was "seeking legal opinion on terminating her contract with the brand", given the allegations of financial fraud.