Can’t Pay, Look For Other Jobs: Nirav Modi in Letter to Employees

Nirav Modi, the man in the eye of the PNB fraud storm, has reportedly a penned a second letter, this time addressing his employees. In an email, Modi told his employees to look for other jobs as he will be unable to pay them their dues in light of the scam, reported Hindustan Times.

According to the paper, which has accessed the email, Modi is believed to have written that the 'near future is uncertain'.

"As of now, because of seizure and removal of all stocks in factories and showrooms, and freezing of bank accounts, we shall not be in a position to pay your dues, and it would be right on your part to look for other career opportunities."

Beginning his email by hinting at the 'unfairness' of procedures being followed, Modi said that his organisation was 'suffering' due to PNB's complaint alleging him of fraud.

He further wrote that the speed at which the events are unfolding make him 'concerned about the fairness of the processes that are being followed,' training guns at the media in particular.

He also added in his email that he was committed to paying off the dues he owes to his employees, if any, and would do so once he gains access to his stocks and bank accounts.

According to the paper, the ED and the CBI, which are currently investigating the alleged Rs 11,400 crore scam, have retrieved close to Rs 5,700 crore from Modi’s assets.

This is Modi's second correspondence after he went absconding. He earlier penned a letter dated 15 February to PNB, accusing them of maligning his credibility in their 'overzealousness.'

Modi is also said to be writing to the Enforcement Directorate, Central Bureau of Investigation and other agencies, regarding the revoking of his and his maternal uncle Mehul Choksi's passports, reported Hindustan Times.

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