Virat Kohli to continue as PNB brand ambassador

By: |
New Delhi | February 24, 2018 6:15 PM

The Punjab National Bank (PNB) who has been hit by a $1.8 billion fraud, on Saturday, clarified that skipper of the Indian cricket team Virat Kohli will continue to serve as its brand ambassador.

virat kohli, kohli, kohli pnb, pnb case, punjab national bank, pnb scam, pnb fraud, kohli, indian cricket team, cricket news, sports newsVirat Kohli will continue to serve as Punjab National Bank brand ambassador. (Source: PTI)

The Punjab National Bank (PNB) who has been hit by a $1.8 billion fraud, on Saturday, clarified that skipper of the Indian cricket team Virat Kohli will continue to serve as its brand ambassador. The bank, in a public notice, said that any news of Kohli quitting as the brand ambassador is totally false. “There are reports in the media that Virat Kohli, Bank’s brand ambassador is going to discontinue his endorsement with Punjab National Bank. The same is again totally false and incorrect. Virat Kohli is our brand ambassador,” the statement read.

The notice added that the news of PwC been asked to gather evidence that can be used against Nirav Modi and his associates in the court is also incorrect. “There are media reports that the bank has engaged PricewaterhouseCoopers (PwC) to conduct an investigation into the alleged fraud and PwC has been asked to gather evidence that can be used against Nirav Modi and his associates in the court. The news is totally incorrect,” the notice said.

The bank also dismissed the news of Reserve Bank of India and government asking PNB to make payment of the fraudulent amount to other banks. It reiterated that the bank has the capacity and capability to handle the situation and protect the interest of the institution, customers and stakeholders.

Earlier in the day, the Enforcement Directorate (ED) had attached diamond trader Nirav Modi’s 21 immovable properties worth Rs 523.72 crore in connection with the case. The assets included a farm house in Alibaug (Rs 42.70 crore) near Mumbai seashore, a solar power plant spread over 53 acre of land in Ahmednagar in Maharashtra (Rs 70 crore) and another 135 acre land in Ahmednagar (Rs 2.20 crore), along with other residential and office properties worth Rs 408.82 crore in Mumbai and Pune.

On Friday, the ED said it had frozen Nirav Modi’s bank account and shares worth Rs 43 crore. The ED had earlier seized bank deposits, shares and luxury cars worth over Rs 100 crore belonging to the businessman and his group.

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