New Delhi sources have stated that the Congress on Saturday held the BJP responsible for the Rs 11,400-crore Punjab National Bank (PNB) scam involving jewelry designer Nirav Modi and accused Prime Minister Narendra Modi of institutionalizing "crony capitalism". Recently the Congress leader Kapil Sibal accused the Prime Minister and his government of bringing the economy to its knees, and warned that the country's image would get a beating internationally under him.
Meanwhile he also blasted at PM Narendra Modi, alleging that while he was "sleeping" as the country's watchman, thieves were fleeing with the nation's wealth. Further quoting the second FIR filed by the Central Bureau of Investigation (CBI) in the case, the Congress leader said that all Letters of Understanding (LoUs) to the accused were signed in 2017 under the NDA government, which failed to prevent the scam from happening.
Furthermore Sibal, a former minister and noted lawyer, accused the Prime
Minister's office and the finance ministry of turning a blind eye to the
multi-crore bank scam, saying they were very much aware of it. "They were
aware of all this. But they turned a blind eye. They were aware that the
country was being looted".
