Nirav Modi and PNB Punjab National Bank Fraud seems to be one of those news pieces again. Huh! Okay someone's done something bad. Hmm. These bright guys all corrupt. PNB Share Price is down? let me buy now or hell sell sell. Okay Let's go back to work.
Nirav Modi according to economic times we find that the man was a celebrity. He was another Vijay Mallya if you compare lavish lifestyles. Expensive suits, and cars. Hanging out with celebrities mostly beautiful ones and gifting expensive stuff to them.
Nirav Modi is another Gujrathi Entrepreneur - Diamond Merchant. Hmm Gujrathi's are good at this. He was a diamond supplier whose big break came when he was able to sell a diamond necklace at a Christie's auction for a whopping 3.56 million,
So How is Nirav Modi making PNB Share Price Sink?
Well Nirav Modi has - you guessed it - borrowed from the bank. Around 11,700 crores. That does not look good in the account books at all. PNB complained that Nirav Modi had defrauded the bank of the money.
Why should you be concerned?
You should be concerned only if you are a tax payer. Yes. If you are running around trying to find ways to submit bills and make sure that you tax liability is lowest possible. Yup You. That guy who is bossed around by the HR Accounts guy that your papers are not in order and yes your aadhar card should be linked to everything including your middle finger. This fraud includes your money. Nirav Modi has - thanks to the thorough capabilities of PNB - taken taxpayers money.
Tell me How does that feel while you try hard to make ends meet and save every rupee from tax.
Nirav Modi according to economic times we find that the man was a celebrity. He was another Vijay Mallya if you compare lavish lifestyles. Expensive suits, and cars. Hanging out with celebrities mostly beautiful ones and gifting expensive stuff to them.
Nirav Modi is another Gujrathi Entrepreneur - Diamond Merchant. Hmm Gujrathi's are good at this. He was a diamond supplier whose big break came when he was able to sell a diamond necklace at a Christie's auction for a whopping 3.56 million,
So How is Nirav Modi making PNB Share Price Sink?
Well Nirav Modi has - you guessed it - borrowed from the bank. Around 11,700 crores. That does not look good in the account books at all. PNB complained that Nirav Modi had defrauded the bank of the money.
Why should you be concerned?
You should be concerned only if you are a tax payer. Yes. If you are running around trying to find ways to submit bills and make sure that you tax liability is lowest possible. Yup You. That guy who is bossed around by the HR Accounts guy that your papers are not in order and yes your aadhar card should be linked to everything including your middle finger. This fraud includes your money. Nirav Modi has - thanks to the thorough capabilities of PNB - taken taxpayers money.
Tell me How does that feel while you try hard to make ends meet and save every rupee from tax.
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