Bollywood and Hollywood actress Priyanka Chopra has decided to snap all the business ties with billionaire diamond trader Nirav Modi after the news of his infamous PNB scam worth Rs 11,800 crore broke out. Earlier, reports of the actress suing the jeweller went viral on the internet but her spokesperson denied the rumours. However, ever since then, she was contemplating on scrapping her contract with him after the allegations of financial fraud were made against him.
"In the light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand," a spokesperson of Priyanka, who was the global brand ambassador for Nirav Modi, said in a statement issued on Friday.
As the news about the multi-crore scam involving Nirav Modi came to light earlier this month, a statement from the actress read that she was seeking legal opinion on her contract. There were also speculations that she is suing the brand for non-payment of dues. But her spokesperson denied this.
Nirav Modi and his uncle Mehul Choksi, along with the directors of the Nirav Modi and Gitanjali groups, are under investigation by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for an alleged Rs 11,300 crore fraud on Punjab National Bank through illegal use of Letters of Undertaking and Foreign Letters of Credit to raise and roll over money.
Both Nirav Modi and Choksi are said to have left the country, along with their family members, in early January.
(With IANS Inputs)