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Business as usual at Nirav Modi's store in Singapore

Press Trust of India  |  Singapore 

It is business as usual at Nirav Modi's high-class store in Singapore's complex despite all the headlines on the fraud-tainted fugitive jeweller back home.

The outlet in the casino-convention-exhibition complex is operating as an international brand of

The store has attracted more attention from Indian tourists and persons of Indian origin since the allegation of surfaced last month.

"Persons of Indian-origin are walking in and taking photos," said a of another brand outlet in the complex.

The up-market foreign shoppers are not aware of the ongoing scandal linked to Modi, who is allegedly the key person behind the Rs 12,700 crore scam at the

Modi, his associates and related companies are under the regulatory scanner.

"We are here to buy jewellery that is legally available. There is nothing wrong in buying something from our own hard earned money," said a shopper.

Some shoppers believe the International brand is operating according to local laws here.

frauds happen as part of 'black sheep' operatives. But Nirav Modi-PNB scandal has hit very hard just as the government is trying to recapitalise financially-strapped PSBs in the country, said a source.

The outlet sells a simple ring for 2,400 dollars and a basic diamond-studded necklace could cost a shopper 330,000 dollars.

(MBS) shops host the world's leading brands.

MBS shops are rated way above the fashionable outlets in the hotel-belt of Orchard Road, Singapore's most premium shopping centre.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 14:31 IST