Priyanka terminates Nirav Modi contract | Arts & Entertainment | ABnews24

Tue, November 20, 2018
Priyanka terminates Nirav Modi contract
Dhaka, 25 Feb, Abnews: In the wake of allegations of Rs 11,400-crore fraud against billionaire diamond businessman Nirav Modi, actor Priyanka Chopra on Friday decided to terminate her contract with the brand, reports Ians.
 
The Bollywood star was the global brand ambassador for Nirav Modi jewels since January 2017.
 
“In the light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand,” a spokesperson of Priyanka said in a statement.
 
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.
 
“There are speculative reports that Priyanka Chopra has sued Nirav Modi. This is not true,” the spokesperson added.
 
Actress Priyanka Chopra along with actor Sidharth Malhotra had appeared in an advertisement for the brand last year. Sidharth Malhotra once told PTI that since his contract was already over with the brand, he won’t take any legal action.
 
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.
 
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