Nirav Modi’s Honest Letter to Punjab National Bank

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Nirav Modi’s Honest Letter to Punjab National Bank

Illustration: Shruti Yatam

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.

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