An illegally built seaside bungalow belonged to Nirav Modi who is the main culprit in the Punjab National Bank scam has been destroyed completely. The bungalow in situated in Kihim beach, Alibaug was razed to ground on Friday by the Raigad district administration after a strict court order.
The video clips from the site depicted the 30,000 sq ft bungalow being shattered to bits and pieces within a matter of seconds after it was detonated using dynamite. According to the reports, the 110 dynamite sticks were used to destroy the building in a controlled explosion.
— TOI Mumbai (@TOIMumbai) March 8, 2019
The top court ordered the bungalow facing the Kihim beach to be “blown up” after the construction breached coastal regulation zone (CRZ) norms.
He is accused of cheating on the bank amounting to Rs.13,000 crore using forged LoUs. Modi along with his uncle Mehul Choksi and their families fled the country last year before the scam came to light and has been escaping the law ever since.
Nirav, a frequent feature on the lists of rich and famous Indians since the year 2013, was booked by the Central Bureau of Investigation (CBI), along with wife, brother and business partner Choksi on January 31 for allegedly duping the state-run Punjab National Bank to the tune of over Rs 280 crore.