Government will take strict action against those found guilty in connection with Punjab National Bank fraud case. <br/><br/>Briefing reporters in New Delhi on Thursday, Union Minister and senior BJP leader Ravi Shankar Prasad asserted that nobody will be spared irrespective of their status or stature, who has sought to derail ordinary banking system to help jeweller Nirav Modi. <br/><br/>He said, a lookout notice has been issued against Nirav Modi and the process of revoking his passport has been initiated. <br/><br/>Mr Prasad also objected to the language used by the Congress against Prime Minister Narendra Modi terming them as derogatory and demeaning. <br/><br/>The minister also took a dig at the Congress party saying it should stop playing politics over photo released by it in this regard. <br/><br/>He also clarified that Nirav Modi was not part of the Prime Minister's delegation at World Economic Forum in Davos and there was no meeting between them. He said Nirav Modi was part of a CII delegation.<br/><br/>Mr. Prasad said not a single loan has been given by the NDA government during its rule, which turned into Non-Performing Asset(NPA). <br/><br/>He said all the NPAs are related to the previous UPA rule. He reminded Congress of the scams that happened during its rule.

Government will take strict action against those found guilty in connection with Punjab National Bank fraud case and no one will be spared. <br/><br/>Briefing reporters in New Delhi on Thursday, Union Minister and senior BJP leader Ravi Shankar Prasad made it clear that and no one will be spared in the banking system who has sought to derail ordinary banking system to help Jeweller Nirav Modi. <br/><br/>He said, lookout notice has been issued against Nirav Modi and the process of revoking his passport has been initiated. <br/><br/>He said, the Enforcement Directorate has raided 9 places in Delhi, Mumbai and Surat related to Nirav Modi and properties worth one thousand three hundred crore rupees have been seized. <br/><br/>Mr Prasad also objected to the language used by the Congress against Prime Minister Narendra Modi. <br/><br/>He also clarified that Nirav Modi was not part of the Prime Minister's delegation at World Economic Forun in Davos and there was no meeting between them.