NEW DELHI: No meeting took place between Prime Minister Narendra Modi and Nirav Modi in Davos, said sources on Thursday.

Punjab National Bank (PMB) has filed two financial fraud complaints of Rs. 11400 crore and Rs. 280 crore against Nirav Modi, a billionaire celebrity jewellery designer.

"No official business delegation travelled with PM Modi. There was no meeting between Nirav Modi and PM Narendra Modi in Davos, it was just a photo opportunity at an event," said sources.

The Congress targeted Prime Minister Modi for allowing PNB fraud-accused Nirav Modi to be part of the Indian business delegation at Davos.

Congress President Rahul Gandhi tweeted: "Guide to Looting India by Nirav MODI. 1. Hug PM Modi 2. Be seen with him in DAVOS Use that clout to: A. Steal 12,000Cr B. Slip out of the country like Mallya, while the Govt looks the other way. From1MODI2another."

The Congress said the Prime Minister should speak on the "biggest banking loot of the past 70 years" and explain how the designer was allowed to flee despite PNB writing to the CBI on January 29 this year to issue a look-out notice against Modi.