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The fraud was allegedly organized by jeweller and designer Nirav Modi. Nirav, his wife Ami Modi, brother Nishal Modi and uncle Mehul Choksi, all partners of the firms, M/s Diamond R US, M/s Solar Exports and M/s Stellar Diamonds; along with PNB officials and employees, and directors of Nirav Modi and Mehul Choksi's firms have all been named in ...
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. [3]
In March 2018, a special PMLA court issued non-bailable arrest warrants (NBWs) against Choksi, and his nephews Nirav Modi and Neeshal Deepak Modi, owner of Firestar Diamonds. [16] They are suspected of colluding with two employees of Punjab National Bank (PNB), the country's second-largest state-owned lender, in an alleged $1.8 billion fraud. [15]
India has asked authorities in Hong Kong to arrest jeweller Nirav Modi, one of the main suspects in a $2-billion fraud at state-run Punjab National Bank, the government said, suggesting it ...
Ananthasubramanian was named in CBI chargesheet in association with Punjab National Bank Scam, relating to fraudulent Letters of Undertaking issued to Nirav Modi. [7] CBI alleges that key PNB bank officials, led by then CEO Ananthasubramanian, failed to initiate steps that could have prevented the $2-billion fraud at the lender after the ...
Bad Boy Billionaires: India is a 2020 Indian Netflix original documentary anthology television series which focuses on the lives of four prominent business magnates of India, including Vijay Mallya, Nirav Modi, Subrata Roy and Ramalinga Raju, who achieved predominant success in their businesses during their lifetime before being accused of corruption.
The Congress party, India’s main opposition political group, accused Prime Minister Narendra Modi’s government on Thursday of stifling democracy and crippling the party by freezing its bank ...
Mehul Choksi, the founder and managing director [7] of ‘Gitanjali Gems’ and the maternal uncle of Nirav Modi has come under the radar of various investigating agencies, following the Enforcement Directorate (ED) filing a case against the latter for conducting fraudulent transactions from the Punjab National Bank.