Nirav Modi’s extradition trial in PNB fraud case to begin in UK.

Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, is set to be produced before a UK court for his trial on Monday, to take place in a part-remote setting due to the coronavirus lockdown. The 49-year-old jeweller, […]

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Nirav Modi denied bail yet again by UK court

A British court on Thursday extended till August 22 the judicial custody of Nirav Modi in connection with the Rs 13,500 crore Punjab National Bank (PNB) fraud case. The Westminster Magistrates Court ordered the Metropolitan Police to place him in its custody till the next hearing on August 22. The 48-year-old businessman, wanted in India, […]

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Nirav Modi denied bail for a third time and supposed to remain in ‘unliveable’ UK jail

The next hearing in the case will happen on May 30. In the meantime, Nirav Modi will be taken back to prison. The Westminster Magistrates’ Court in London rejected the third bail plea presented by fugitive diamantaire Nirav Modi on Wednesday. Chief Magistrate Emma Arbuthnot heard Modi’s fresh bail application today. The next hearing in […]

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Nirav Modi to make another bail plea in UK court on May 8

Fugitive diamond merchant Nirav Modi would make another bail plea on May 8 at the UK court where he is undergoing extradition proceedings to India in the Punjab National Bank (PNB) fraud and money laundering charges amounting to up to USD 2 billion. The 48-year-old, who has been behind bars at Wandsworth prison in south-west […]

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Nirav Modi’s illegal bungalow in Alibaug to be razed: Maha govt to HC

MUMBAI: The Maharashtra government has informed the Bombay High Court that Nirav Modi’s bungalow at Alibaug beach has been razed by the state authorities. State government counsel PB Kakade told a bench of Chief Justice Naresh Patil and Justice MS Karnik that it also intends to demolish 58 other private properties for which notices have been served. […]

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Nirav Modi,accused of a 2 billion dollar fraud has fled to UK

NEW DELHI: Billionaire jeweler Nirav Modi, currently being accused of a 2 billion dollar fraud has fled to United Kindom seeking political asylum there. The fraud committed by Nirav Modi and uncle Mehul Choksi came in light in January 2018 when the Punjab National Bank pointed out to a 2.2 billion dollar scam by the […]

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Warrant issued against Nirav Modi in Tax evasion case.

A magistrate’s court here today issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be “benami”, an Income Tax department official said. Benami properties are those that are not bought and registered in the name of […]

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India’s biggest bank fraud accused Nirav Modi’s Firestar Diamond files for bankruptcy in US

India’s biggest bank fraud accused Nirav Modi’s international jewellery business has filed for bankruptcy in the US. Firestar Diamond, Inc filed the Chapter 11 voluntary petition in the New York Southern Bankruptcy Court yesterday, according to the court filing. The case has been assigned to Judge Sean H. Lane and an “order for relief entered”. […]

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PNB fraud : Vipul Ambani and 5 others in CBI custody till Mar 5

A special court here today remanded Vipul Ambani, the president (finance) of Nirav Modi’s Fire Star Diamond, and five others in CBI custody till March 5 in connection with the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB). The six were arrested yesterday in connection with two FIRs registered by the CBI involving […]

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PNB fraud PMLA case : ED summons Nirav Modi and Mehul Choksi

The ED today issued summons for appearance to billionaire diamond merchant Nirav Modi and his business partner Mehul Choksi in connection with its money laundering probe in the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB), officials said. They said both Modi and Choksi were summoned under the Prevention of Money Laundering Act […]

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