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Nirav Deepak Modi (born 27 February 1971) is an Indian-born Belgian businessman and criminal who was charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018.
Nov 9, 2022 · Nirav Modi fled India in 2018 to evade the law days before a case was registered against him and his associates. PNB unearthed the scam on January 25, 2018, and submitted a fraud report to the Reserve Bank of India (RBI) on January 29.
4 days ago · The diamantaire and his nephew, Nirav Modi, are accused of siphoning off over Rs 13,000 crore of public money from the PNB using letters of undertaking (LoUs) and foreign letters of credit (FLCs) by bribing officials of the bank's Brady House branch in Mumbai. (You can now subscribe to our Economic Times WhatsApp channel) Read More News on.
Mar 10, 2011 · Nirav Modi is a fugitive Indian businessman who was in the business of luxury diamond jewellery. He is the founder of Nirav Modi chain of diamond jewellery retail stores. Nirav Modi's role in PNB scam. Modi is being investigated in the $2 billion Punjab National Bank (PNB) fraud case.
London High Court orders Nirav Modi to pay $8 million to Bank of India, allowing them to recover from his Dubai-based company. The High Court in London on Friday gave a summary judgment against...
4 days ago · Choksi and his nephew, Nirav Modi, are accused of siphoning off over Rs 13,000 crore of public money from the PNB using letters of undertaking (LoUs) and foreign letters of credit (FLCs) by bribing officials of the bank's Brady House branch in Mumbai.
2 days ago · In a parallel fraud, Choksi’s nephew Nirav Modi has allegedly duped Punjab National Bank of ₹ 6,805.24 crore, using similar modus operandi of fraudulent LoIs and FLCs.
Nov 10, 2022 · A London court on Wednesday rejected an appeal from Indian billionaire Nirav Modi against his extradition from the United Kingdom to India to face charges of fraud and money laundering.
The high court in London has reserved judgment in the Nirav Modi extradition case after the 3-day-long arguments concluded on Wednesday. The rather lengthy exposition on diplomatic assurances and...
Nov 9, 2022 · Nirav Modi’s extradition. Modi was arrested in March 2019, and his extradition was approved by the court in February 2021, and by the UK government in April 2021. However, he still has not come to India. Since his arrest, he remained at Wandsworth Prison in southwest London. And why is that?
