Nirav Modi is in London, has started a new diamond business: Report
5 years, 10 months ago

Nirav Modi is in London, has started a new diamond business: Report

Live Mint  

London: Fugitive billionaire diamantaire Nirav Modi, accused in the ₹13,000-crore PNB fraud case, is living openly in a swanky 8-million pound apartment in London's West End and is now involved in a new diamond business, a British daily reported on Saturday. Modi, 48, is currently living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 pounds a month, The Telegraph reported. Despite his bank accounts being frozen by the Indian authorities and an Interpol red notice being issued for his arrest, Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now involved in a new diamond business based in London, the report said. In a video posted by the newspaper, Modi can be seen sporting a handle-bar moustache and wearing an Ostrich Hide jacket, estimated to cost 10,000 pounds.

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History of this topic

PM Modi, UK's Starmer discuss extradition of economic offenders at G20 Summit
1 month, 3 weeks ago

PM Modi, UK's Starmer discuss extradition of economic offenders at G20 Summit

India Today  

Prime Minister Narendra Modi and his UK counterpart Keir Starmer on Tuesday held bilateral talks on the sidelines of the Brazil G20 Summit, discussing trade relations, technology partnerships, and the extradition of fugitive Indian economic offenders, among other issues. In their first meeting since Starmer assumed office in the UK, India pressed for the extradition of fugitive Indian businessmen like …

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
3 months, 4 weeks ago

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore

Live Mint  

The Enforcement Directorate on Wednesday said it has provisionally attached “proceeds of crime” in the form of immovable properties and bank balances amounting to ₹29.75 crore in a case related to Punjab National Bank fraud by fugitive businessman Nirav Modi. In a statement, the ED said: “During course of investigation, assets worth ₹29.75 Crore of Nirav Modi & his group …

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED
3 months, 4 weeks ago

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹29.75 crore belonging to fugitive businessman Nirav Modi, as part of its ongoing investigation into the ₹6,498 crore Punjab National Bank fraud case, officials said on Wednesday. Nirav Modi, the mastermind behind the PNB scam, has been fighting extradition from the UK, where authorities arrested him in 2019. The scam, uncovered in …

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

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 …

Political asylum in UK: Nirav Modi's last ditch effort to escape Indian laws
2 years, 2 months ago

Political asylum in UK: Nirav Modi's last ditch effort to escape Indian laws

India Today  

Fugitive businessman Nirav Modi, who has been ordered to be extradited to India for defrauding the Punjab National Bank of crores, might be able to stall his return. Nirav Modi had recently sought political asylum in the United Kingdom, which if granted will allow him to escape the law in India, sources said. In a big win for India last …

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 …

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?
2 years, 2 months ago

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?

Firstpost  

The High Court in London has allowed the extradition of fugitive diamantaire Nirav Modi to India. He fled the country in January 2018, days before the scam was uncovered Fugitive diamond billionaire Nirav Modi’s appeal against extradition to India has been turned down by the High Court in London today. According to Indian Express, the transcripts of Nirav Modi’s conversations …

From the India Today archives (2018) | How Nirav Modi's glittery empire went bust
2 years, 2 months ago

From the India Today archives (2018) | How Nirav Modi's glittery empire went bust

India Today  

On Delhi’s flyovers the billboards gleamed, much like the diamonds they advertised. “He may have been a good designer,” says jewellery designer Farah Khan, “but no one was asking where he was getting all that money from to set up so many stores.” Model Amanpreet Wahi recalls the launch, in 2014, of his flagship store, the look created by Spanish …

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

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong
2 years, 5 months ago

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong

Firstpost  

Nirav Modi, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is being investigated by the CBI New Delhi: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond …

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group
2 years, 5 months ago

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group

The Quint  

The ED said the extradition proceedings are at "final stage in London, UK." It said that with the latest attachment, the total seizure of assets against Nirav Modi stands at Rs 2,650.07 crore. "Also, movable and immovable assets of Nirav Modi and his associates amounting to Rs 1,389 crore have been confiscated under provisions of the Fugitive Economic Offenders Act, …

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 …

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others
2 years, 5 months ago

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others

Live Mint  

On July 11, the Supreme Court handed down a four-month term in a contempt case against fugitive tycoon Vijay Mallya, who was charged in a bank loan default case involving his disbanded Kingfisher Airlines and a debt of over ₹9,000 crore. Nirav Modi Jeweller and fashion designer Nirav Modi is charged with defrauding Punjab National Bank of ₹14,000 crore in …

Nirav Modi's close aide brought back to India by CBI in PNB scam case
2 years, 8 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 …

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB
3 years, 4 months ago

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB

India TV News  

A special court in Mumbai 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 …

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 …

Nirav Modi | The fugitive merchant
3 years, 10 months ago

Nirav Modi | The fugitive merchant

The Hindu  

Riding high on the fame that his exquisite collection of precious gem jewellery had generated in the glamour world within such a short span, a third-generation diamantaire made it to the elite Indian billionaires’ club in 2013. As it turned out, the CBI received a complaint from Punjab National Bank on January 29, 2018, days after the family had left …

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 …

Fugitive Diamantaire Nirav Modi's Extradition Case to Enter Final Stages in UK Court
4 years, 2 months ago

Fugitive Diamantaire Nirav Modi's Extradition Case to Enter Final Stages in UK Court

News 18  

The extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering, is expected to enter its final stages at Westminster Magistrates’ Court in London on Tuesday. The 49-year-old jeweller, fighting extradition in the estimated USD 2-billion Punjab National Bank scam case, will appear via videolink from Wandsworth Prison in south-west London for …

PNB Fraud: Fugitive Nirav Modi Extradition Trial to Resume in UK Court Tomorrow
4 years, 4 months ago

PNB Fraud: Fugitive Nirav Modi Extradition Trial to Resume in UK Court Tomorrow

News 18  

Fugitive diamond merchant Nirav Modi, who has been lodged at a prison in London since his arrest in March last year, is set to appear via video link for the second leg of his extradition trial at a UK court on Monday. The 49-year-old jeweller is fighting extradition charges related to the estimated $2-billion Punjab National Bank fraud and money …

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September
4 years, 7 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 …

UK court played video of Nirav Modi's threats to 'dummy directors' associated with companies linked to diamond merchant
4 years, 7 months ago

UK court played video of Nirav Modi's threats to 'dummy directors' associated with companies linked to diamond merchant

Firstpost  

Threats of being implicated for theft and even being killed are among the allegations caught on camera in a video recorded by so-called “dummy directors” associated with companies linked to Nirav Modi, which was submitted by the CBI to the UK court hearing the extradition case against the diamond merchant charged with fraud and money laundering London: Threats of being …

PNB scam: Nirav Modi's extradition trial to begin in UK in over $2 bn fraud, money laundering case
4 years, 7 months ago

PNB scam: Nirav Modi's extradition trial to begin in UK in over $2 bn fraud, money laundering case

Firstpost  

Nirav Modi, the 49-year-old jeweller, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year, is expected to be produced physically at Westminster Magistrates’ Court in London. London: Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly $2 billion Punjab National Bank fraud and money laundering case, is …

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 …

Nirav Modi to appear via videolink for UK remand hearing
5 years, 3 months ago

Nirav Modi to appear via videolink for UK remand hearing

India TV News  

Fugitive diamantaire Nirav Modi, wanted in connection with the nearly USD 2 billion Punjab National Bank fraud and money laundering case, will appear before a UK court via videolink from his London prison on Thursday for a routine “call-over” remand hearing. “No progress today, I’m afraid,” Judge Tan Ikram said at the last call-over hearing on August 22, as he …

Nirav Modi to appear via videolink for UK remand hearing
5 years, 3 months ago

Nirav Modi to appear via videolink for UK remand hearing

India Today  

Fugitive diamantaire Nirav Modi, wanted in connection with the nearly USD 2 billion Punjab National Bank fraud and money laundering case, will appear before a UK court via videolink from his London prison on Thursday for a routine "call-over" remand hearing. "No progress today, I'm afraid," Judge Tan Ikram said at the last call-over hearing on August 22, as he …

PNB Scam: Interpol issues global arrest warrant against Nirav Modi's brother Nehal Modi
5 years, 3 months ago

PNB Scam: Interpol issues global arrest warrant against Nirav Modi's brother Nehal Modi

India TV News  

The Interpol has issued a Red Corner Notice against Nehal Modi, a step brother of Nirav Modi, the prime accused in the USD 2 billion PNB scam case, officials said on Friday. The ED said Nehal Modi was the "protector and investment advisor" for the 48-year-old Nirav Modi as well as Mehul Choksi, another prime accused in the case. "After …

ED says Nirav Modi's brother Nehal Modi laundered over $100 million for him, destroyed evidence
5 years, 3 months ago

ED says Nirav Modi's brother Nehal Modi laundered over $100 million for him, destroyed evidence

India Today  

Nehal Modi, the younger brother of fugitive Nirav Modi and latest one from the family against whom a Red Corner Notice has been issued, laundered over $100 million for his brother, officials of the Enforcement Directorate have said. Before Nehal Modi, a Red Corner Notice was issued against Nirav Modi, brother Nishal Modi and sister Purvi Modi. According to the …

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 …

Fugitive diamantaire Nirav Modi's remand extended till July 25 by UK Court
5 years, 6 months ago

Fugitive diamantaire Nirav Modi's remand extended till July 25 by UK Court

India TV News  

UK court has extended fugitive diamantaire Nirav Modi's remand till July 25. The 48-year-old has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion Punjab National Bank fraud and money laundering case. According to official sources, four Swiss bank accounts of beleaguered diamantaire Nirav Modi and his sister …

PNB scam case: Nirav Modi denied bail for the fourth time
5 years, 6 months ago

PNB scam case: Nirav Modi denied bail for the fourth time

India TV News  

The bail plea of fugitive diamond merchant Nirav Modi was rejected for fourth time on Wednesday by a United Kingdom court, where he is undergoing extradition proceedings to India in in the nearly $2 billion Punjab National Bank fraud and money laundering case. The UK High Court on Tuesday heard Nirav Modi’s appeal against a lower court’s order to deny …

Nirav Modi extradition case: UK High Court hears fugitive diamond merchant's bail appeal, Justice Ingrid Simler to deliver ruling today
5 years, 6 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 …

PNB scam: High security cell kept ready in Mumbai prison for Nirav Modi, says home department official
5 years, 6 months ago

PNB scam: High security cell kept ready in Mumbai prison for Nirav Modi, says home department official

Firstpost  

Mumbai: Authorities at the Arthur Road jail here have kept ‘barrack no. 12’ ready if fugitive diamond merchant Nirav Modi is extradited from the UK in connection with the $2 billion PNB fraud and money laundering case, a Home department official said on Tuesday. The prisons department last week shared information with the state Home department about the status of …

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 fraud case: Fugitive diamantaire Nirav Modi denied bail for third time by UK court
5 years, 8 months ago

PNB fraud case: Fugitive diamantaire Nirav Modi denied bail for third time by UK court

Firstpost  

London: A UK court Wednesday denied bail to Nirav Modi for the third time, saying the fugitive diamond merchant who is the main accused in the Punjab National Bank fraud and money laundering case amounting to up to $2 billion would fail to surrender. Nirav’s defence team, led by barrister Motgomery — who was also the barrister for former Kingfisher …

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 …

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 …

PNB fraud case: Nirav Modi intends to appeal for bail in UK High Court
5 years, 9 months ago

PNB fraud case: Nirav Modi intends to appeal for bail in UK High Court

India Today  

Fugitive diamond merchant Nirav Modi, undergoing extradition proceedings in the UK, intends to appeal for bail in the UK High Court after a second bail application was rejected by a lower court in London last week in the Rs 13,000 crore Punjab National Bank fraud and money laundering case. The Crown Prosecution Service, which represents the Indian authorities through the …

In his desperation, fugitive Nirav Modi uses his pet dog to seek bail but fails the second attempt
5 years, 9 months ago

In his desperation, fugitive Nirav Modi uses his pet dog to seek bail but fails the second attempt

Op India  

In an amusing twist of events, fugitive Nirav Modi’s defence team used his pet dog in their pursuit to get Nirav Modi out of jail but failed in their attempt. The futile attempt of his barrister, Clare Montgomery, trying hard to establish his close ties with the UK, including having to care for a pet dog, in order to get …

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 denied bail again over PNB fraud case
5 years, 9 months ago

Nirav Modi denied bail again over PNB fraud case

Live Mint  

The 48-year-old diamond magnate, who denies the charges, faces the possibility of extradition to India where Prime Minister Narendra Modi is under pressure to take a firm stance on the case ahead of national elections in April-May. A witness has alleged that Nirav Modi threatened to kill him and also offered around ₹20 lakh as a bribe not to testify, …

UK Court Rejects Bail To Nirav Modi; Remanded To Custody Till March 29
5 years, 9 months ago

UK Court Rejects Bail To Nirav Modi; Remanded To Custody Till March 29

Live Law  

The Westminister Court in London has denied bail to Nirav Modi, the main accused in 2 billion US Dollars PNB scam, reports the PTI. District Judge Marie Mallon remanded him to custody till March 29, saying that there were "substantial grounds to believe that he would fail to surrender if granted bail".The 48 year old diamond merchant had offered half …

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