The scamster's escape formula: Na(Mo) La(Mo) + Ni(Mo) -----> Bha(Go) #ModiRobsIndia — Office of RG (@OfficeOfRG) 1518771154000

Guide to Looting India by Nirav MODI 1. Hug PM Modi 2. Be seen with him in DAVOS Use that clout to: A. Stea… https://t.co/4cKQE4y4nQ — Office of RG (@OfficeOfRG) 1518683474000

NEW DELHI: Congress president Rahul Gandhi today proposed a formula which appears to allege that Prime Minister Narendra Modi acted as a 'catalyst' to help facilitate the escape of jeweller Nirav Modi and cricket administrator Lalit Modi .This came a day after the Congress president's Twitter handle tweeted a "guide to looting India", after reports emerged that Nirav Modi had fled India after duping the Punjab National Bank of Rs 11,300 crore,State-owned Punjab National Bank on Wednesday had revealed that it has detected a $1.77 billion (about Rs 11,300 crore) scam where billionaire Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.Later on Friday, the BJP hit back at the Congress, retorting that the scam had actually "started during UPA's reign in 2011.""It is the alertness of the NDA government which has brought this scam to light," said Union minister Prakash Javadekar."All the NPAs, the wrongful distribution of loans, amongst others were all passed down to us by the UPA government. This is a scam by the bank and not the government," he charged.On Friday, following reports that the jewellery designer left India on January 1, much before CBI received a complaint from Punjab National Bank on January 29 about a Rs 280-crore fraud, the Ministry of External Affairs (MEA), on the advice of Enforcement Directorate, suspended the validity of passports of Nirva Modi and his business partner Mehul Choksi.The jeweller, along with his wife Ami, brother Nishal and uncle Choksi, left the country in the first week of January. He was last seen in Switzerland at the World Economic Forum's annual meet in Davos (January 23-26). Ami is said to be an American citizen, while Nishal is a Belgian national. With his operations spread across the world, Modi is said to spend a lot of time in the US.Yesterday, the Congress president alleged that Nirav Modi, who was seen with the Prime Minister in Davos, used his clout to "slip out” of the country, much like businessman Vijaya Mallya, who managed to flee India after duping Indian banks of Rs 9,000 crore.