Prime Minister will show Nirav Modi his right place, says Ramdev

Ramdev said Nirav Modi will face the consequences for the sins he has committed

Yoga guru Baba Ramdev on Monday said that Prime Minister Narendra Modi will show jeweller Nirav Modi his right place.

"Modi government will put Nirav Modi in his right place. He will face the consequences for the sins he has committed," Ramdev here said while addressing the media.

"Whether it's Lalit Modi or Nirav Modi, whoever does this kind of shameful thing, that in itself is a disgrace to the country. People put a bad name to the country by doing such kind of scams," Ramdev added.

The PNB has lodged two financial fraud complaints of Rs 114 billion and Rs 2.8 billion against Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.

The Central Bureau of Investigation (CBI) has filed a formal case charging four- Nirav Modi, his wife Ami, brother Nishal and Mehul Choksi- on January 31 over Rs 2.8 billion fraud.

The agency has filed the case under the Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by the Central Bureau of Investigation (CBI).

The PNB detected the scam in which jeweller Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.

The scam started in 2011 and was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31.