Diamond Merchant Nirav Modi

Diamond Merchant Nirav Modi News

From flashy diamantaire to Wandsworth Prison: Nirav Modi's journey to extradition is one of stark contrasts
India

From flashy diamantaire to Wandsworth Prison: Nirav Modi's journey to extradition is one of stark contrasts

Wanted in India on charges of fraud and money laundering in PNB scam case, Modi lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts

ED brings back polished diamonds, pearls worth Rs 1,350 crore from Nirav Modi and Mehul Choksi's Hong Kong-based firms
Business

ED brings back polished diamonds, pearls worth Rs 1,350 crore from Nirav Modi and Mehul Choksi's Hong Kong-based firms

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. The ED completed 'all legal formalities' with authorities in Hong Kong to bring back these valuables, the agency said.

PNB scam: ED officials sceptical of bank's whistle-blower claim, warn of more skeletons in closet
Business

PNB scam: ED officials sceptical of bank's whistle-blower claim, warn of more skeletons in closet

According to CBI officials, investigators have so far conducted 20 searches at various premises occupied by Nirav and his associates and were able to recover 95 key documents purportedly linked to the alleged PNB bank fraud.

Punjab National Bank scam updates: BJP slams Congress, says Nirav Modi 'fraud' began under UPA rule
Business

Punjab National Bank scam updates: BJP slams Congress, says Nirav Modi 'fraud' began under UPA rule

Nirav Modi wrote to bankers informing them he was looking for suitors or possible buyers for his company Firestar Diamond and will use proceeds to repay dues

Finance ministry says assets in PNB fraud case will be recovered, nobody will be spared
Business

Finance ministry says assets in PNB fraud case will be recovered, nobody will be spared

The finance ministry said the assets in the Nirav Modi fraud case involving state-owned Punjab National Bank (PNB) will be recovered and nobody will be spared.

Punjab National Bank Rs 11,000-cr fraud: Why banks urgently need to adopt blockchain technology to avoid such scams
Business

Punjab National Bank Rs 11,000-cr fraud: Why banks urgently need to adopt blockchain technology to avoid such scams

Blockchain technology is now finding acceptance right across the financial world as well as in the world of record keeping.

PNB Rs 11,000-crore fraud: Recurring scams can erode investor’s faith in banks; incident calls for stronger checks
Business

PNB Rs 11,000-crore fraud: Recurring scams can erode investor’s faith in banks; incident calls for stronger checks

Banking analysts and banking industry officials do not have any further details about the specifics of this particular fraud involving Punjab National Bank.

Nirav Modi: The billionaire jewellery designer was allegedly involved in the other Rs 280-crore fraud at PNB
Business

Nirav Modi: The billionaire jewellery designer was allegedly involved in the other Rs 280-crore fraud at PNB

CBI had conducted searches at as many as 21 places connected to Nirav Modi that included his residence, his brother Nishal, wife Ami and Mehul Chinubhai Choksi.