Priyanka Chopra terminates contract with Nirav Modi
New Delhi
February 23, 2017
Actress Priyanka Chopra has decided to cut ties with
billionaire diamond trader Nirav Modi's brand following the news about the
alleged banking fraud carried out by 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.
The termination
news comes in the wake of after actresses Kangana Ranaut and Bipasha Basu
accusing Mehul Choksi-owned Gitanjali Group of breaching the contracts with them
and not paying their dues.
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.
New Delhi
February 23, 2017
Actress Priyanka Chopra has decided to cut ties with
billionaire diamond trader Nirav Modi's brand following the news about the
alleged banking fraud carried out by 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.
The termination
news comes in the wake of after actresses Kangana Ranaut and Bipasha Basu
accusing Mehul Choksi-owned Gitanjali Group of breaching the contracts with them
and not paying their dues.
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.
Tags: Priyanka Chopra