Page 3 - Nirav Modi

Experts debate fugitive diamantaire Nirav Modi's suicide risk in UK court

Nirav Modi faces charges of fraud and money laundering, amounting to an estimated $2 bn in the Punjab National Bank loan scam case

London or Londongrad? What makes the UK a hub for global 'dirty money'

According to reports, the 'questionable funds' in the UK amount to over $125 billion every year. What makes London a hub for money laundering? Find out here

ED attaches gems, bank deposits worth over Rs 253 cr of Nirav Modi group

The Enforcement Directorate said it attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe.

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report

These defaulters have the capacity to repay their loans but choose not to do so, says a report

List of fugitive economic offenders in India does not end with Vijay Mallya

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

UK High Court hears Nirav Modi's plea against extradition to India

The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds.

Nirav Modi extradition appeal to be heard in UK High Court on June 28

The 51-year-old diamond merchant had lodged an appeal against his extradition order on mental health grounds

Choksi pledged diamonds with inflated valuation to get Rs 25 cr loan: CBI

The CBI has filed a fresh case against Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery

Johnson says UK doesn't welcome economic fugitives like Nirav, Mallya

'We don't welcome people who want to use our legal system to evade the law here in India,' the British Prime Minister asserted

Nirav Modi's sister seeks ED intervention in IBC proceedings against him

Nirav Modi, the main accused in the Rs 13,000 crore Punjab National Bank (PNB) scam, was declared a Fugitive Economic Offender in December 2019.

PNB case: Deported official of Nirav Modi's firm remanded in CBI custody

Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials

Key official of Nirav Modi firm deported to India from Egypt: Officials

Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond

Assets worth Rs 19,111.20 cr of Vijay Mallya, Nirav Modi, Choksi attached

The government on Tuesday said assets worth Rs 19,111.20 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the three fugitives have defrauded public sector banks by siphoning off funds through their companies resulting in total loss of Rs 22,585.83 crore to the lenders. "... as on March 15, 2022, assets worth Rs 19,111.20 crore have been attached under the provisions of PMLA (Prevention of Money Laundering Act)," he said. Out of Rs 19,111.20 crore, assets worth Rs 15,113.91 crore has been restituted to the public sector banks. In addition, the minister said assets worth Rs 335.06 crore have been confiscated to Government of India. "As on March 15, 2022, 84.61 per cent of the total defrauded funds in these cases have been attached/seized and 66.91 per cent of total loss to the banks has been handed over to banks/confiscated to Government of

'Rs 19,111-cr assets attached out of total fraud by Mallya, Nirav & Choksi'

These figures were mentioned in the note submitted by Tushar Mehta in the SC, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of PMLA

Rs 18k cr returned to banks from Mallya, Nirav and Choksi: Centre tells SC

Solicitor General Tushar Mehta informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.

Pen King's death and the misfortune of 'monarchs' in Indian business

Popular discourse is quick to crown as kings people who achieve so much success that it feels inadequate to describe them as successful.

India govt's efforts to extradite businessmen yield limited results in 2021

As 2021 draws to a close, the Narendra Modi governments efforts to extradite Indian businessmen from Britain for alleged fraud against Indian banks are yet to materialise.

'Banks recover Rs 13k cr from asset sale of defaulters like Mallya, Nirav'

FM Sitharaman said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha

UK court hears Nirav Modi's extradition appeal on mental health grounds

Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over the hearing at the Royal Courts of Justice

UK court begins hearing Nirav Modi's appeal against extradition to India

Earlier this August, Nirav Modi was granted permission to appeal against his extradition from the UK to India to face fraud charges on the grounds that a return to India would harm his mental health