Page 2 - Nirav Modi Scam At Pnb

US court junks Nirav Modi's plea seeking dismissal of fraud allegations

A bankruptcy court in New York has dismissed a petition of fugitive of diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them. The allegations were made by Richard Levin, the court appointed trustee of three US corporations--Firestar Diamond, Fantasy Inc and A Jaffe--indirectly owned by Nirav Modi previously. Levin had also sought a minimum compensation of USD 15 million for harm suffered by the debtors of Modi and his associates Mihir Bhansali and Ajay Gandhi. Southern District of New York Bankruptcy Court Judge Sean H Lane issued the order last Friday, in a major blow to the Indian fugitive and his accomplices. ' SDNY Bankruptcy Court Judge Lane in a clear decision denied defendants Modi, Bansali and Gandhi's motions to dismiss US Trustee Richard Levin's amended complaint in the adversary proceeding arising out of Modi's initial chapter 11 bankruptcy petition, alleging fraud, breach of fiduciary duties, RICO and related state law claim

ED transfers Rs 9,371 cr assets seized in Mallya, Nirav cases to PSBs, govt

The ED on Wednesday transferred seized assets worth Rs 9,371.17 crore in the cases related to Vijay Mallya, Nirav Modi, and Mehul Choksi, to Public Sector Banks (PSBs) and Central Government

Mehul Choksi moved to government quarantine facility in Dominica: Report

Fugitive diamantaire Mehul Choksi has been moved to the government quarantine facility in Dominica, according to sources on Sunday

Mehul Choksi held, faces repatriation to India after 'monumental error'

'We will not accept him back,' says Prime Minister of Antigua and Barbuda, from where the diamond merchant fled.

PNB scam: Nirav Modi staffer's bail plea on Covid-19 rejected

A special CBI court in Mumbai rejected the interim bail plea of Arjun Patil, who was arrested in connection with the multi-crore Punjab National Bank (PNB) scam

PNB scam: Special Court issues show cause notice to Nirav Modi

A similar notice was also issued to Nirav Modi's wife Ami, sister Purvi and brother-in-law Maiank Mehta

Nirav Modi moves UK High Court for permission to appeal against extradition

Modi, who had 14 days to appeal the decision, approached the High Court of appeals on the April 28, 2021 to appeal the decisions made by the lower court judge

Fugitive jeweller Nirav Modi's remand in UK extended till January 7

Fugitive diamond merchant Nirav Modi appeared via videolink for a routine 28-day remand hearing on Tuesday in London

Fugitive Nirav Modi's brother charged in $2.6mn fraud in New York

Modi was charged in the state supreme court with "grand larceny in the first degree" for allegedly "fraudulently obtaining over $2.6 million worth of diamonds

CBI books former PNB deputy manager Gokulnath Shetty in bribery case

The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems

PNB fraud: Nirav Modi's extradition trial to resume in UK court on Monday

District Judge directed Nirav Modi's appearance from a room in Wandsworth Prison in south-west London with social distancing norms

Nirav Modi case: PNB receives Rs 24 cr as first tranche of recovery from US

The central government said that PNB has informed the Ministry of Corporate Affairs that it has received 3.25 mn as the first tranche of recoveries in fugitive Nirav Modi case from the USA

Nirav Modi's car, paintings, luxury items fetch Rs 51 crore for ED

As many as 40 items went under the hammer on Thursday, which marks the completion of auction of assets seized by the Enforcement Directorate.

Bombay HC to hear Nirav's son plea challenging auction of seized paintings

A Bench headed by Chief Justice of Bombay High Court will hear the plea

Auction of Nirav Modi's assets postponed; live auction on March 5

Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail

UK may link extradition of Nirav Modi, Mallya with illegal migrant pact

The issue of the final signing of the memorandum of understanding on illegal immigrants was raised by UK Minister of State for Countering Extremism Baroness Williams

CBI gets nod for supplementary extradition plea against Nirav Modi

The court posted the matter for further hearing on January 13

Funds swindled by Nirav Modi could be much higher than earlier estimates

The economic fugitive declaration will lead to all of Nirav Modi's assets in India

PNB fraud: Proclamation order issued against Nirav Modi, two others

The probe agency has claimed that Parab was an executive in Nirav Modi's firm

PNB scam: Open-ended warrant issued against Nirav Modi in ED case

ED has moved the court for an open-ended NBW against them, saying the previous warrant could not be executed in time and it expired on Thursday