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Oct 26, 2020 · Nirav Modi has been charged by the Government of India and the Interpol for criminal conspiracy, fraud, money laundering, dishonesty, and embezzlement of contract since 2018. Punjab National Bank's name comes hand in hand whenever this scam is being discussed.
On 8 June 2020, The Prevention of Money Laundering Act (PMLA) Court has ordered a confiscated of nearly Rs 1,400 crores worth property of Nirav Modi. In May 2020, the UK court adjourned the Nirav Modi trial until September 2020, on the Five-day extradition trial hearing.
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.
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.
May 12, 2022 · His uncle Mehul Choksi, his wife Ami Modi, sister Purvi Modi, brothers Neeshal Modi and Nehal Modi are all being investigated by the Indian authorities in relation to the PNB Scam for charges ranging from aiding Nirav Modi to money laundering via companies owned by family members.
Feb 15, 2018 · PNB FRAUD. Billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. The Enforcement...
Feb 21, 2018 · The Enforcement Directorate (ED) has summoned billionaire diamond merchant Nirav Modi and his business partner and jewellery chain promoter Mehul Choksi in connection with its money laundering...
