The controversial 80:20 gold import scheme is under the investigative agencies' scanner due to accusations that a handful of private parties had benefited from tweaks to the programme towards the end of the second term of the United Progressive Alliance (UPA) government, reported The Economic Times quoting people aware of the matter.
The alleged beneficiaries include Nirav Modi and his uncle Mehul Choksi, the top accused in the Punjab National Bank (PNB) fraud case, the report said.
The Investigative agencies have gathered new evidence indicating alleged irregularities, the daily said, adding that the “crucial” information exchanged, in the agencies' opinion, needs further investigation to see if the “benefits” that few entities got were “systemic”.
The agencies are also examining whether any public servant while holding office had sought for 'any valuable thing or pecuniary advantage without any public interest,' added the report.
First Published: IST