PNB fraud case: Rahul Gandhi asks Prime Minister to speak up
New Delhi: The opposition asked the Prime Minister to speak up in 11,300-crore Punjab National Bank fraud case involving diamond trader Nirav Modi and Mehul Choksi.
In a tweet, Rahul demanded the Prime Minister to end his silence in the high-profile case. He also took a swipe at Arun Jaitley, saying the Union finance minister was nowhere to be seen.
"PM Modi tells kids how to pass exams for 2 hrs, but won't speak for two mins on the 22,000Cr banking scam. Mr. Jaitley is in hiding. Stop behaving as if you're guilty! Speak up (sic)," the Congress chief tweeted, alluding to the PM's interaction with students at the ‘Pariksha Pe Charcha' programme on February 16.
Nirav Modi and his uncle Mehul Choksi allegedly acquired fraudulent letters of undertaking (LoT) from the state-owned bank to secure overseas credit from other lenders. The Enforcement Directorate has seized diamonds, gold jewelry and other precious stones worth `5,674 crore till now.
Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee demanded that the "full truth" must come out. "This is just the tip of the iceberg. This big banking fraud was fuelled at the time of #DeMonetisation. Big money laundering happened during DeMo. Key bank officials were changed. Who are these people put in? There are more banks involved. The full truth must come out (sic)," she tweeted.
CPI-M general secretary Sitaram Yechury also took potshots at the NDA government. "Poor farmers forced to commit suicide, while rich businessmen friends are invited to PM's residence and Davos so that they can scoot with public money," he tweeted.
In Bhopal, rebel JD(U) leader Sharad Yadav demanded the NDA government's resignation for failing to protect the money of ordinary depositors. "A government is the most powerful entity after god. If it cannot protect public money, who else will? They (the NDA government should immediately resign," he said.
Earlier in the day, the Congress party demanded the government bring out a white paper on the banking system, which it said suffered scams involving over `61,000 crore in the last five years.
"Bank frauds are tumbling out of the closet faster than you can say, Jack Robinson," Congress spokesperson Manish Tewari said, adding Vikram Kothari — the owner of Rotomac pens who owes `800 crore to banks — was now untraceable.
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Iran Foreign Minister Araghchi begins 3-day India visit
New Delhi (PTI): Iranian Foreign Minister Abbas Araghchi began a three-day official visit to India on Wednesday, marking the first high-level diplomatic engagement from Tehran since the outbreak of the US-Israel war with Iran more than two months ago.
Araghchi is visiting India primarily to attend a two-day meeting of BRICS foreign ministers beginning Thursday.
The Iranian foreign minister is set to hold wide-ranging bilateral talks with his Indian counterpart S Jaishankar, focusing on the escalating crisis in West Asia.
The situation surrounding the Strait of Hormuz is expected to feature prominently. The Indian side is likely to press for the safe passage of remaining merchant vessels through the strategic waterway, according to people familiar with the matter.
Araghchi and other foreign ministers of the BRICS member states are scheduled to call on Prime Minister Narendra Modi on Thursday.
"A very warm welcome to Foreign Minister of Iran, Seyed Abbas Araghchi, on his arrival in New Delhi for the BRICS Foreign Ministers' Meeting," External Affairs Ministry spokesperson Randhir Jaiswal said on 'X'.
The escalating crisis in West Asia and its impact on the global energy supply chain are expected to dominate deliberations at the BRICS foreign ministers' meeting.
India, as the chair of BRICS, is hosting the conclave of the foreign ministers ahead of the annual summit of the grouping in September.
It will be interesting to see if the foreign ministerial conclave manages to produce a consensus statement on the conflict in West Asia.
Sharp differences among the member states over the US-Israel war on Iran stalled India's efforts to build a consensus position on the conflict during a meeting of the grouping's deputy foreign ministers and special envoys on Middle East and North America last month.
No consensus statement on the conflict could be reached largely due to differences between the United Arab Emirates (UAE) and Iran. The two neighbouring countries have sparred in recent weeks over Iran's alleged attacks on energy infrastructure in the UAE.
"The active presence of the Islamic Republic of Iran in mechanisms such as BRICS represents a strategic choice to strengthen genuine multilateralism, expand equitable cooperation, and participate in shaping a more just order in international relations," Iranian Deputy Foreign Minister Kazem Gharibabadi said on 'X'.
"The BRICS foreign ministers' meeting in New Delhi can be an important opportunity for dialogue on the future of Global South cooperation, reforming international economic governance, developing independent trade, strengthening financial and banking ties, and reducing countries' dependence on discriminatory and unilateral mechanisms," he said.
Gharibabadi said Iran, with its geopolitical, energy, transit, scientific, and human capacities, can play an effective role in the BRICS agenda for balanced development, economic security, regional connectivity, and amplifying the voice of independent countries.
The Iranian deputy foreign minister is in New Delhi for the BRICS meeting.
"In this path, opposition to America's unilateral coercive measures and their illegal and anti-development effects is an inseparable part of defending economic justice and the rights of nations to development," he said.
After the West Asia conflict escalated, Iran urged India, as the current BRICS chair, to leverage its "independent role" to halt the US-Israel hostilities against Iran.
Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (liquefied natural gas).
BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the UAE, with Indonesia joining in 2025.
It has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5 per cent of the global population, around 40 per cent of the global GDP and around 26 per cent of the global trade.
The BRICS foreign ministers held their last meeting on the margins of the 80th session of the United Nations General Assembly (UNGA 80) in September 2025.
