Priyanka Chopra Terminates her Deal with Nirav Modi

Priyanka Chopra, has been the ambassador of Nirav Modi’s jewellery brand since January 2017. She is now getting legal help to cancel her deal after the actress emerged as the target of a massive case involving 11,000 crores.

According to the bank’s complaint, Modi and his business partners were allegedly involved in fraudulently issuing Letters of Undertakings – or bank guarantees – at the bank’s Mid Corporate Branch in Mumbai’s Brady House.

“There are speculative reports that Priyanka Chopra has sued Nirav Modi. This is not true. However, she is currently seeking legal opinion with respect to terminating her contract with the brand in light of allegations of financial fraud against Nirav Modi,” her spokesperson said in a brief statement.

“Priyanka embodies all the symbols of modern India while paving her own path, which also represents the ethos of our brand,” the firm said. The company has three continents to sell its jewellery to – for prices varying between 5 lakhs to 50 crores.

The banking scandal, however, has led Ms Chopra to consider terminating her agreement. Nirav Modi, the celebrity jeweller left the country on January 1, a fortnight before the government-run Punjab National Bank stumbled upon cases.

Recently in a scandal similar to this one, Enforcement Directorate successfully raided 17 locations across India to seize diamonds, jewellery and gold worth Rs. 5,100 crore that could be used to recoup money that the banks could lose.