US court junks Nirav Modi's plea seeking dismissal of fraud allegations against him
3 years, 2 months ago

US court junks Nirav Modi's plea seeking dismissal of fraud allegations against him

Firstpost  

The allegations were made by Richard Levin, the court appointed trustee of three US corporations indirectly owned by Nirav Modi previously Washington: A bankruptcy court in New York has dismissed a petition of fugitive diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them. The allegations were made by Richard Levin, the court appointed trustee of three US corporations — Firestar Diamond, Fantasy Inc and A Jaffe — indirectly owned by Nirav Modi previously. ` SDNY Bankruptcy Court Judge Lane in a clear decision denied defendants Modi, Bansali and Gandhi’s motions to dismiss US Trustee Richard Levin’s amended complaint in the adversary proceeding arising out of Modi’s initial chapter 11 bankruptcy petition, alleging fraud, breach of fiduciary duties, RICO and related state law claims, Indian American attorney Ravi Batra told PTI. In his petition, Levin listed examples how Modi, Bhansali and Gandhi directly benefited from fraudulently issued LoUs and were involved in circular transactions until early 2013, when the debtors no longer directly participated in import and export transactions underlying LoU issuances and instead received proceeds indirectly through the shadow entities.

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History of this topic

UK Court orders Nirav Modi to pay $8 million to Bank of India
10 months ago

UK Court orders Nirav Modi to pay $8 million to Bank of India

Live Mint  

The High Court in London has dealt a significant blow to jailed diamantaire Nirav Modi, issuing a summary judgment ordering him to pay $8 million to the Bank of India. According to court documents, BOI had extended a $9 million credit facility to Firestar, but when the bank demanded repayment in 2018, Modi was unable to honour the commitment. As …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 6 months ago

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore

Hindustan Times  

The Punjab National Bank on Wednesday filed a petition before the special PMLA court seeking release of fugitive diamond trader Nirav Modi’s properties worth ₹71.16 crore which had been attached by the Enforcement Directorate. PNB moves court, seeks release of Nirav Modi’s properties worth ₹ 71.16 crore The agency is probing the ₹13,850-crore loan fraud at the public sector bank. …

PNB scam: PMLA court grants bail to Nirav Modi’s close aide
1 year, 8 months ago

PNB scam: PMLA court grants bail to Nirav Modi’s close aide

Hindustan Times  

MUMBAI: A special PMLA court in the city on Tuesday granted bail to Subhash Parab, a close aide of fugitive diamantaire Nirav Modi, observing that the main beneficiary of the proceeds of crime is still beyond the reach of the law enforcement agencies even after five years of registration of the case. PNB scam: PMLA court grants bail to Nirav …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years ago

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case

Op India  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive diamantaire Mehul Choksi and two jewellery brands, Nakshatra Brands Limited and Gitanjali Gems Limited. The FIRS were against Nakshatra Brands Ltd and Gitanjali Gems Ltd, Mehul Choksi, who is the managing director of Gitanjali Gems Ltd and guarantor for Nakshatra Brands Ltd; Dhanesh Vrajlal Sheth, director of …

Nirav Modi loses bid to appeal against extradition in UK Supreme Court
2 years, 1 month ago

Nirav Modi loses bid to appeal against extradition in UK Supreme Court

Deccan Chronicle  

LONDON: Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, on Thursday suffered another setback in his legal battle against his extradition as the High Court in London denied him permission to appeal against his extradition order in the UK Supreme Court. In a judgment order pronounced at the Royal Courts …

Nirav Modi Approaches UK High Court To Challenge His Extradition Order
2 years, 1 month ago

Nirav Modi Approaches UK High Court To Challenge His Extradition Order

News 18  

Fugitive merchant Nirav Modi, who was involved in 2 billion dollar Punjab National Bank loan scam case, has filed an application in a UK High Court, seeking permission to appeal against his extradition order in the Supreme Court. After the appeal, the Crown Prosecution Service, acting on behalf of the Indian authorities, will respond to the latest application of extradition …

Nirav Modi seeks permission to appeal extradition in UK top court
2 years, 1 month ago

Nirav Modi seeks permission to appeal extradition in UK top court

Firstpost  

Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. London: Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. The 51-year-old diamantaire lost an …

Explained: How Nirav Modi scammed Punjab National Bank for Rs 14,000 crore
2 years, 2 months ago

Explained: How Nirav Modi scammed Punjab National Bank for Rs 14,000 crore

Firstpost  

Nirav Modi and his uncle, Mehul Choksi, created a complex web of deception through fraudulent Letters of Undertaking to siphon off Rs 14,000 crore from state-owned Punjab National Bank New Delhi: Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters …

Indian tycoon Nirav Modi loses extradition appeal in UK
2 years, 2 months ago

Indian tycoon Nirav Modi loses extradition appeal in UK

Associated Press  

LONDON — Diamond tycoon Nirav Modi on Wednesday lost an appeal of a British court’s ruling that he should be extradited from the U.K. to India to face allegations he was involved in a $1.8 billion bank fraud. Two High Court judges upheld a lower court’s ruling that the fugitive jeweler has a case to answer before Indian courts and …

Honour extradition treaty, don't pick holes: UK Court in Nirav Modi case
2 years, 3 months ago

Honour extradition treaty, don't pick holes: UK Court in Nirav Modi case

India Today  

The high court in London on Wednesday held that since India is a “friendly foreign power”, the UK must not pick holes in the assurances by the Indian government that Nirav Modi will be provided with adequate medical assistance. Hearing Nirav Modi’s plea against extradition to India, the court said, “India is a “friendly foreign power” and the UK must …

Last leg of Nirav Modi hearing to start today
2 years, 3 months ago

Last leg of Nirav Modi hearing to start today

Hindustan Times  

More than three years after the arrest of fugitive diamond merchant Nirav Modi, in March 2019, the London high court will hear his much-delayed appeal. In February 2021, the Westminster Magistrates’ Court had found no bars to Modi’s extradition to India, but during the appeal application, his legal team managed to convince the high court to accept fresh evidence. “The …

CBI summons Nirav Modi's brother-in-law in bank fraud case
2 years, 5 months ago

CBI summons Nirav Modi's brother-in-law in bank fraud case

India Today  

The Central Bureau of Investigation has issued a summon to fugitive diamantaire Nirav Modi’s brother-in-law Maiank Mehta. MAIANK MEHTA GRANTED PROTECTION FROM ACTION Senior lawyer Raja Thakare appearing for CBI said, “We have made a statement that he is a suspect. Or if the material is such, then he can be made an approver.” The bench of Justice PD Naik …

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED
2 years, 5 months ago

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED

India Today  

The Enforcement Directorate has attached properties, jewellery and bank balances, amounting to Rs 253.62 crore, belonging to fugitive jeweler Nirav Modi under the Prevention of Money Laundering Act. Some assets of Nirav Modi were identified in the form of gems and jewellery lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under …

ED attaches Nirav Modi’s movable properties worth ₹253 cr
2 years, 5 months ago

ED attaches Nirav Modi’s movable properties worth ₹253 cr

Live Mint  

The Enforcement Directorate has attached movable properties like gems, jewellery and bank balances amounting to ₹253.62 crore in the case of Nirav Modi group of companies in Hong Kong, the agency said on Friday. If Modi wins this appeal hearing in the High Court, he cannot be extradited unless the Indian government is successful in getting permission to appeal at …

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country
2 years, 6 months ago

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country

Firstpost  

Former promoters of Dewan Housing Finance Ltd are among 13 accused who have been arrested for defrauding a consortium of 17 banks of Rs 34,615 crore The CBI has booked former CMD Kapil Wadhawan and director Dheeraj Wadhawan of Dewan Housing Finance Ltd in the “biggest” banking fraud in India. The audit of DHFL account books showed that the company …

Nirav Modi's close aide brought back to India by CBI in PNB scam case
2 years, 9 months ago

Nirav Modi's close aide brought back to India by CBI in PNB scam case

India Today  

Subhash Shankar, a close aide of fugitive diamantaire Nirav Modi, has been brought back to Mumbai by the CBI after he was nabbed in Cairo. This was a major operation by CBI officials investigating Nirav Modi in connection with the PNB fraud case. Nirav Modi is wanted in India on charges of fraud and money laundering in the estimated USD …

Big Blow for Nirav Modi as New York's Bankruptcy Court Rejects Plea Seeking Dismissal of Fraud Charges
3 years, 2 months ago

Big Blow for Nirav Modi as New York's Bankruptcy Court Rejects Plea Seeking Dismissal of Fraud Charges

News 18  

A bankruptcy court in New York has dismissed a petition of fugitive diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them. Southern District of New York Bankruptcy Court Judge Sean H Lane issued the order last Friday, in a major blow to the Indian fugitive and his accomplices. “SDNY Bankruptcy Court Judge Lane in a …

Properties Worth Rs 500 Crore of Nirav Modi Firms Restored to Punjab National Bank
3 years, 4 months ago

Properties Worth Rs 500 Crore of Nirav Modi Firms Restored to Punjab National Bank

News 18  

A special court here on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi 's firms to Punjab National Bank. This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi’s companies being restored in this manner now standing at approximately Rs 1,000 …

Nirav Modi Cites Suicide Risk, Lack of Mental Health Support in India in New Extradition Appeal
3 years, 5 months ago

Nirav Modi Cites Suicide Risk, Lack of Mental Health Support in India in New Extradition Appeal

News 18  

Fugitive diamantaire merchant Nirav Modi on Wednesday cited poor conditions of Indian jails and increased “risk” of depression that may lead to suicide as arguments in a fresh appeal against extradition in the UK. Justice Martin Chamberlain presided over the “renewal application” hearing, held under the court’s COVID-19 video conferencing setting, and has reserved his judgment, to be handed down …

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED
3 years, 6 months ago

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED

Live Mint  

The Punjab National Bank on Wednesday moved multiple applications before a special PMLA court here, seeking restoration of the assets of two firms owned by fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The Enforcement Directorate had earlier confiscated assets worth over ₹329.66 crore of Nirav Modi under the fugitive economic offenders law. The confisticated property …

Honey, Where's My Money? How Much Do Mallya, Nirav Modi & Choksi Owe India?
3 years, 6 months ago

Honey, Where's My Money? How Much Do Mallya, Nirav Modi & Choksi Owe India?

News 18  

About 40 per cent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate said after the sale of attached shares worth over Rs 5,800 crore on Wednesday. Amid developments in the extradition, amount recoveries, and cases of all three fugitives, News18 …

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance
3 years, 9 months ago

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance

News 18  

A special PMLA court on Thursday kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders. Modi's sister Purvi and her husband Maiank Mehta had "turned approvers" in the USD 2 billion PNB fraud case, in which Modi and his uncle Mehul Choksi are the prime accused. Modi, who is …

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'
3 years, 10 months ago

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'

ABP News  

In a major blow to Nirav Modi, a UK court on Thursday allowed the fugitive diamantaire, wanted in PNB scam case, to extradite to India for a trail. Nirav Modi is the subject of two sets of criminal proceedings, with the Central Bureau of Investigation case relating to a large-scale fraud upon Punjab National Bank by obtaining illegal letters of …

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India
3 years, 10 months ago

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India

Hindustan Times  

Jailed diamond merchant Nirav Modi can be extradited to India to face charges of fraud and money laundering, a UK court ruled on Thursday. A UK judge cleared Nirav Modi's extradition to India on Thursday Stating that Modi's link with the Punjab National Bank officials has been established, the court said that the Central Bureau of Investigation's probe demonstrates his …

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled
3 years, 11 months ago

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled

News 18  

Mumbai: Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants against them in the Punjab National Bank fraud case. Purvi Modi, Nirav Modi's younger sister, is a Belgian national while her husband Maiank Mehta is a British citizen. "Purvi Modi and her husband Maiank Mehta turned approver for assisting …

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25
4 years ago

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25

ABP News  

PM Narendra Modi To Meet All Chief Ministers Ahead Of Coronavirus Vaccine Rollout The hearing of the Nirav Modi extradition case concluded on Friday, and it can be hoped that the Indian Authorities are one step closer to bringing the fugitive back. Modi who is accused of defrauding the Punjab National bank in India was arrested from the Central Bank …

Nirav Modi’s extradition case to be heard by UK court on Tuesday
4 years, 2 months ago

Nirav Modi’s extradition case to be heard by UK court on Tuesday

Hindustan Times  

The Westminster Magistrates Court will hold a one-day hearing on Tuesday in the Nirav Modi extradition case, days after he was refused bail for the sixth time on October 26. Fugitive diamantaire Nirav Modi’s sixth bail request was denied by UK’s Westminster Magistrates Court. The case was heard over five days in September when former Supreme Court judge Markandey Katju …

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt
4 years, 4 months ago

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt

News 18  

The Ministry of Corporate Affairs on Tuesday said Punjab National Bank has received over Rs 24 crore as the first tranche of recoveries from bankruptcy proceedings of three Nirav Modi-promoted companies in the US. In 2018, the lender had informed the ministry that three companies promoted by Nirav Modi — Firestar Diamond, Inc, A Jaffee, Inc and Fantasy, Inc had …

NCLAT Sets Aside Order Against Former PNB Official in Nirav Modi Case
4 years, 4 months ago

NCLAT Sets Aside Order Against Former PNB Official in Nirav Modi Case

News 18  

The National Company Law Appellate Tribunal has set aside an order to implead a former Executive Director of the Punjab National Bank in a matter related to Rs 14,000 crore scam involving diamond merchant Nirav Modi. In January 2019, the National Company Law Tribunal directed impleading 19 people, including the bank's former Executive Director K V Brahmaji Rao, in the …

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September
4 years, 8 months ago

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September

Firstpost  

The UK court hearing the extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering amounting to an estimated $2 billion, on Thursday adjourned the trial to be resumed from 7 September London: The UK court hearing the extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of …

PNB scam: Indian govt submits more proof against fugitive Nirav Modi in money laundering case
4 years, 8 months ago

PNB scam: Indian govt submits more proof against fugitive Nirav Modi in money laundering case

Firstpost  

The Indian government on Wednesday submitted further documents as “corroboratory evidence” in its case of fraud and money laundering against fugitive diamond merchant Nirav Modi, who is contesting his extradition to India at an ongoing hearing in Westminster Magistrates’ Court in London London: The Indian government on Wednesday submitted further documents as “corroboratory evidence” in its case of fraud and …

Nirav Modi, aides forged diamond sales to siphon off huge funds from PNB; HSBC, audit firm questioned fugitive's deals: Probe report
4 years, 11 months ago

Nirav Modi, aides forged diamond sales to siphon off huge funds from PNB; HSBC, audit firm questioned fugitive's deals: Probe report

Firstpost  

New Delhi: Hundreds of crores of rupees illegally siphoned off from Punjab National Bank were being channelised from one account to another by fugitive dimantaire Nirav Modi and his close associates. The first bank that raised the issue was HSBC and it was followed by an audit firm namely Manish Modi & Associates which questioned the huge transactions without selling …

On ED petition, special court declares Nirav Modi fugitive economic offender
5 years, 1 month ago

On ED petition, special court declares Nirav Modi fugitive economic offender

Live Mint  

A special court here on Thursday declared diamond businessman Nirav Modi, the key accused in the $2 billion Punjab National Bank fraud case, a fugitive economic offender, on a plea of the Enforcement Directorate. He is the second businessman, after liquor tycoon Vijay Mallya, to be declared a fugitive economic offender under provisions of the Fugitive Economic Offenders Act, which …

PNB scam: CBI seeks proclaimed offender tag for fugitive Nirav Modi, his brother
5 years, 4 months ago

PNB scam: CBI seeks proclaimed offender tag for fugitive Nirav Modi, his brother

India Today  

The Central Bureau of Investigation has moved an application in the special CBI court asking that PNB scam accused diamantaire Nirav Modi, his brother Neeshal Modi and an associate Subhash Parab, be declared as proclaimed offenders. The application The investigating agency had shown the three accused as 'wanted', when the chargesheet in the multi-million-dollar PNB scam was filed. While Nirav …

PNB scam fugitive Nirav Modi remanded to custody in UK prison until September 19
5 years, 4 months ago

PNB scam fugitive Nirav Modi remanded to custody in UK prison until September 19

India Today  

Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank fraud and money laundering case, appeared before a UK court on Thursday via videolink from his London prison and was further remanded in judicial custody till September 19. The routine call-over hearing in the 48-year-old's extradition case at Westminster Magistrates’ Court …

Punjab National Bank fraud: UK court extends Nirav Modi's remand, fugitive diamantaire to remain in jail till 25 July
5 years, 6 months ago

Punjab National Bank fraud: UK court extends Nirav Modi's remand, fugitive diamantaire to remain in jail till 25 July

Firstpost  

The Indian side has until 11 July to present an opening position statement, laying out the prima facie case against Modi, with the next case management hearing set for 29 July London: Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly $2 billion Punjab National Bank fraud and money laundering case, was on Thursday further remanded …

PNB fraud case: Fugitive diamantaire Nirav Modi to appear via videolink from UK prison for remand hearing today
5 years, 6 months ago

PNB fraud case: Fugitive diamantaire Nirav Modi to appear via videolink from UK prison for remand hearing today

Firstpost  

Modi was arrested by uniformed Scotland Yard officers on an extradition warrant on March 19 and has been in prison since. London: Fugitive diamantaire Nirav Modi is set to appear via videolink from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday. The 48-year-old, who has been lodged at Wandsworth prison in south-west London since …

Switzerland Freezes Four Bank Accounts Of Fugitive Diamantaire Nirav Modi, Sister Purvi Modi
5 years, 6 months ago

Switzerland Freezes Four Bank Accounts Of Fugitive Diamantaire Nirav Modi, Sister Purvi Modi

ABP News  

#NiravModi’s 4 bank Swiss accounts have been frozen by #Switzerland authorities on request of #India's Enforcement Directorate. Bank accounts containing 6 million dollars belong to Nirav and his sister Purvi Modi. — ABP News June 27, 2019 Switzerland government on Thursday seized Nirav Modi’s four bank accounts worth 6 million dollars. It is reported that India's Enforcement Directorate had earlier …

Nirav Modi extradition case: Fugitive diamantaire to appear in UK court via video link from prison for routine hearing
5 years, 6 months ago

Nirav Modi extradition case: Fugitive diamantaire to appear in UK court via video link from prison for routine hearing

Firstpost  

Fugitive diamantaire Nirav Modi is set to appear via video link from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday London: Fugitive diamantaire Nirav Modi is set to appear via video link from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday. The 48-year-old, who has been lodged at …

Nirav Modi extradition case: UK High Court hears fugitive diamond merchant's bail appeal, Justice Ingrid Simler to deliver ruling today
5 years, 7 months ago

Nirav Modi extradition case: UK High Court hears fugitive diamond merchant's bail appeal, Justice Ingrid Simler to deliver ruling today

Firstpost  

London: The UK High Court on Tuesday heard fugitive diamond merchant Nirav Modi’s appeal against a lower court’s order to deny him bail as he fights his extradition from Britain to India in the nearly $2 billion Punjab National Bank fraud and money laundering case. Modi’s legal team repeated many of its assertions from previous three bail pleas before Westminster …

Nirav Modi extradition case: UK High Court hears fugitive diamond merchant's bail appeal
5 years, 7 months ago

Nirav Modi extradition case: UK High Court hears fugitive diamond merchant's bail appeal

Firstpost  

London: The UK High Court on Tuesday began hearing fugitive diamond merchant Nirav Modi’s appeal against a lower court’s order to deny him bail as he fights his extradition from Britain to India in the nearly $2 billion Punjab National Bank fraud and money laundering case. Justice Ingrid Simler at the Royal Courts of Justice here began hearing the arguments …

Nirav Modi extradition case: Fugitive diamond merchant to be produced before UK court tomorrow
5 years, 7 months ago

Nirav Modi extradition case: Fugitive diamond merchant to be produced before UK court tomorrow

Firstpost  

Nirav Modi is set to be produced from custody before Judge Arbuthnot for the first case management hearing in the case, during which a broad timeline is expected for his extradition trial. London: Fugitive diamond merchant Nirav Modi is set to be produced before a court in London on Thursday as he fights his extradition to India in the nearly …

PNB scam accused Nirav Modi's bail rejected for third time
5 years, 8 months ago

PNB scam accused Nirav Modi's bail rejected for third time

India Today  

The bail plea of fugitive diamond merchant Nirav Modi was rejected for third time on Wednesday by a United Kingdom court, where he is undergoing extradition proceedings to India in the Punjab National Bank fraud and money laundering charges amounting to up to $ 2 billion. The 48-year-old, who has been behind bars at Wandsworth prison in south-west London since …

PNB fraud case: UK court further remands diamantaire Nirav Modi till 24 May, full hearing scheduled on 30 May
5 years, 8 months ago

PNB fraud case: UK court further remands diamantaire Nirav Modi till 24 May, full hearing scheduled on 30 May

Firstpost  

Nirav Modi was arrested by uniformed Scotland Yard officers from a Metro Bank branch in central London as he attempted to open a new bank account on 19 March. A London court on Friday further remanded till 24 May fugitive diamantaire Nirav Modi, who is undergoing extradition proceedings in the United Kingdom in the about Rs 13,500-crore Punjab National Bank …

Fugitive Nirav Modi’s bail rejected for the third time, next hearing set on May 30
5 years, 8 months ago

Fugitive Nirav Modi’s bail rejected for the third time, next hearing set on May 30

Op India  

A court in the UK has rejected the bail application of fugitive Indian diamond tycoon Nirav Modi for the third time. Fugitive businessman Nirav Modi, who is undergoing extradition procedure after UK government had found his case fit for extradition, had appeared before the London court for a remand hearing on Friday. The hearing was scheduled after Nirav Modi failed …

Antiques owned by Nirav Modi likely to go under hammer: Nirav used PNB money to buy personal assets, claims court-appointed trustee
5 years, 9 months ago

Antiques owned by Nirav Modi likely to go under hammer: Nirav used PNB money to buy personal assets, claims court-appointed trustee

Firstpost  

At least, twenty-two antique statues, mostly from the 3rd Century Gandhara period owned by fugitive diamond merchant Nirav Modi, is likely to go under the hammer in the ongoing bankruptcy proceeding in the US court. These statues, that have substantial value in the international market, were brought from Christie’s Auction House in March 2010 and recovered from Firestar Diamond office …

UK Court Denies Bail To Nirav Modi For Second Time
5 years, 9 months ago

UK Court Denies Bail To Nirav Modi For Second Time

Live Law  

Fugitive diamond merchant Nirav Modi, wanted by India for PNB bank fraud case, has been denied bail by a court in United Kingdom for the second time, reports the Economic Times. "Strongly opposing grant of bail to fugitive diamond merchant Nirav Modi, the Crown Prosecution Service today told the UK Court that Nirav had threatened a former employee, a witness …

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches National Company Law Appellate Tribunal
5 years, 9 months ago

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches National Company Law Appellate Tribunal

Firstpost  

Usha Ananthasubramanian approached the NCLAT against the NCLT order which has made her a respondent in the PNB-Nirav Modi fraud case New Delhi: Former Punjab National Bank managing director and CEO Usha Ananthasubramanian has approached the National Company Law Appellate Tribunal against the National Company Law Tribunal Mumbai-bench order, which made her a respondent in the PNB-Nirav Modi fraud case. …

The great chase for Nirav Modi: From Brady House to London’s Holborn
5 years, 9 months ago

The great chase for Nirav Modi: From Brady House to London’s Holborn

Deccan Chronicle  

New Delhi: The British police on Wednesday arrested wanted fugitive jeweller Nirav Modi. Diamond Merchant Nirav Modi is needed in connection to Rs 13,500-crore Punjab National Bank scam that raised questions over the creditability of India's banking system. February 5, 2018: The CBI registered First Information Report against Nirav Modi, his brother Nishal, wife Ami and Mehul Chinubhai Chowski of …

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