Daily O

The thousands of crore Nirav Modi-Mehul Choksi PNB scam is more recent than you think

The heist appears a well planned quick swindle not a prolonged one.

A point that cannot be missed in the political slugfest between the BJP and Congress on mera ghotala vs tera ghotala (my scam versus your scam), is that the Nirav Modi-Mehul Chokasi scam, aka NiMo-Mehul scam, is turning out to be a highly well-executed and the most brazen financial fraud in recent history.

The duo seems to have strategically chosen short-term inter-bank credit channels

You're reading a preview, sign up to read more.

More from Daily O

Daily O4 min read
Soft Power For Hard Messaging
Recently, an interaction between Prime Minister Narendra Modi and several people from mainstream Hindi films and television made headlines. They had assembled to discuss various initiatives to commemorate the 150th birth anniversary of Mahatma Gandhi
Daily O4 min read
A Peek Into The Joker's Mind
Todd Phillips' Joker sucks you into its tunnel-vision dystopia right away. It's a seductive portrayal of the mental dissolution of one man, a sexy downward spiral, a glorious, gory slide into the abyss. The unravelling of the self is paired with the
Daily O3 min read
Pati Patni Aur Woh: Why Bollywood Refuses To Grow Up Even In The Time Of #MeToo
If one sees the popular Hindi film industry from a distance, the chances of believing that it is not averse to change would be high. Lately, the kind of films that have emerged from the realm of commercial Hindi cinema also add to this perception. Al