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NIRAV MODI
Seized assets of Nirav Modi to be auctioned at Saffronart's two upcoming sales
Fugitive businessman Nirav Modi's seized assets including artworks, luxury watches, handbags and cars will go under the hammer at Saffronart's two upcoming auctions.
Seized assets of Nirav Modi to be auctioned on Feb 27th, Saffronart to host 2 sales
Fugitive businessman Nirav Modi's seized assets including...
Demolition of Maradu flats in Kochi turns spotlight on controlled explosion
The Kochi demolitions have brought to the fore controlled implosi...
UK court further remands Nirav Modi to appear on January 30
Nirav Modi appeared for his regular 28-day "call-over" appearance from London's Wandsworth prison at Westminster Magistrates' Court. His extradition trial is scheduled for May 11 and is expected to last over five days.
PNB scam: UK court further remands Nirav Modi, next hearing on Jan 30
LONDON: Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank fr...
For the love of art: British Museum acquires unique Indian painting 'Trumpeters' at $576K
The painting depicts a traditional musical performance in northern India.
PNB Scam: Nirav Modi changed structure of firms to conceal crime, says CBI
Modi allegedly made dummy partners majority stakeholders in Diamonds R US, Solar Exports and Stellar Diamonds, the sources said. Modi allegedly did not inform the PNB about the changes, and instead opened three new current accounts at the Surat Co-operative Bank showing the dummy directors as “majority stake holders.
Nirav Modi's diamond swindle is hurting India’s economy in grip of slowdown
India’s gems industry employs almost 5 million workers and contributes about 7% of the GDP.
Nirav Modi's assets worth Rs 2,400cr may be sold
Modi is the second businessman after Vijay Mallya to be labelled as a fugitive economic offender under the Fugitive Economic Offenders Act.
Mumbai: Nirav Modi declared fugitive economic offender in PNB scam case
A special court here on Thursday declared diamond businessman Nirav Modi, the key accused in the USD 2 billion Punjab National Bank (PNB) fr...
PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender
Nirav is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year. Nirav and his uncle Mehul Choksi are the prime accused in PNB fraud case, related to alleged fraudulent issuance of LoU that caused a loss of over $2 bn to the PSB.
PNB fraud case: Nirav Modi to appear via videolink at UK court
He had moved yet another bail application last month with an “unprecedented” house arrest guarantee, akin to those imposed on terrorist suspects, as well as citing mental health issues from being behind bars at Wandsworth Prison since his arrest in March.
Law firm’s role in PNB case under lens
CBI had seized documents related to the estimated Rs 13,570-crore scam from Lower Parel office of Cyril Amarchand Mangaldas (CAM) in February last year, and is probing if the law firm helped Modi hide key evidence related to the case.
Nirav Modi's threatens to commit suicide if extradited to India
Nirav Modi's bail application was rejected by the court. Prosecution lawyer challenged the fresh bail application on the grounds that Modi continued to possess the means and intention to flee the UK. "He has said he will kill himself if his extradition is ordered, that in itself is the strongest motivation for someone to abscond," the lawyer said.
Diamantaires, jewellers may get dollarised credit limits
The move will help these borrowers shield themselves from fluctuations in the dollar-rupee exchange rate.
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