Nirav Modi's home, showrooms and offices in Mumbai, Delhi and Surat were raided by the Enforcement Directorate today after the Punjab National Bank (PNB) complained of a staggering fraud at the cost of taxpayers to benefit the celebrity jeweller and others.

Mr Modi, recently photographed in Davos with Prime Minister Narendra Modi, is not in India, suggest unconfirmed reports that have triggered a storm on social media.

And guys, just a correction-it is not #PNBScam , #PNBFraudCase it is #ModiScam and #ModiFraud
— Priyanka Chaturvedi (@priyankac19) February 15, 2018

So is there a second Modi in this picture of the CEO delegation who accompanied PM to Davos?
Nirav Modi younger brother married Mukesh Ambani niece is right & center of the #PNBScam.

Sorry friends! Pradhansewak wont be able to deliver the 15 Lakh promised #FloridaShooting pic.twitter.com/1tga9ZRtz9
— Priyanka Gandhi (@WithPGV) February 15, 2018

Few days ago we were told that the SCAMS in our Banking System were perhaps the biggest ones! Today we have Nirav Modi who looted the banks from 2011 onwards just like Vijay Mallya was allowed to do so! Should we not find out which "hand" supported, aided & abetted #PNBScam ?? https://t.co/u2yegCMnSX
— Shehzad Jai Hind (@Shehzad_Ind) February 15, 2018

You guys kept on frying pakodas while somebody scammed 12000 crore from Punjab National Bank & ran away, out of the country.

I wish @narendramodi was our PM, he would’ve got double the money back! Pandit Nehru should resign..#PNBScam
— Jas Oberoi (@iJasOberoi) February 15, 2018

How much ever you tighten the system, put in checks and audits, there will be one smart businessman who will beat the system and do a super scam#PNBScam
— Atul Khatri (@one_by_two) February 15, 2018

#pnbscam all this was being carried out since 2011.

Another example of loot spree under UPA.

Problem of 'Bad loans' is a liability handed over by Congress regime but action against the defaulters is being taken by the Modi government.
— Seema Choudhary (@Seems3r) February 15, 2018

“PNB has zero exposure as its officials fraudulently issued LOUs.”

Union Bank of India, Allahabad Bank and Axis Bank gave loans to #NiravModi. Their money is stuck

Seems the matter will go to RBI

#PNBScam
— Manak Gupta (@manakgupta) February 15, 2018