Tag: Nirav Modi

London: Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until September 19. During a short remand hearing at Westminster Magistrates’ Court via videolink from Wandsworth prison, the judge extended Modi’s […]

New Delhi: In an unprecedented plea, former finance minister P Chidambaram Thursday offered in the Supreme Court to remain in CBI’s custody till September 2 in the INX Media corruption case. Chidambaram, who was arrested on August 21, is in the CBI custody till Friday and will be produced before the concerned trial court tomorrow […]

Mumbai: For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 […]

New Delhi: The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, a step brother of Nirav Modi, the prime accused in the USD 2 billion PNB scam case, officials said on Friday. They said the global arrest warrant against the Belgian national Nehal Modi, 40, has been issued on charges of alleged […]

London: Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion PNB fraud and money laundering case, was on Thursday further remanded to judicial custody until October 17 by a UK court which said it was working towards his extradition trial hearing in May next year. The 48-year-old appeared […]

London: 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, was produced for a regular remand hearing at Westminster Magistrates’ Court in London on Thursday and further remanded in custody until February 27. The 48-year-old, who has been […]

New Delhi: The United Kingdom’s Home Department has cleared the extradition of fugitive diamantaire Nirav Modi, who is wanted in an over Rs 13,000-crore bank fraud case, officials said on…

New Delhi: Interpol has issued a Red Corner Notice (RCN) against fugitive diamantaire Nirav Modi’s wife Ami Modi, a US citizen, on the basis of the Enforcement Directorate (ED) request in connection with its probe into the Rs 13,500 crore Punjab National Bank (PNB) fraud case. A senior ED official linked to the probe told […]

London: In a major setback to fugitive diamantaire Nirav Modi, a UK court on Monday again rejected his bail plea – for the seventh time. According to CBI officials, prior to this, the bail applications of Nirav Modi has been rejected six times, four by the District Judge and twice by the High Court. The […]

London: Fugitive diamond merchant, Nirav Modi, faced another setback as a UK judge on ruled in the government of Indias favour by allowing the admissibility of its evidence against Modi. The development improves chances of Modi’s extradition to India. Tuesday’s hearing was an additional hearing scheduled to rule on the admissibility of evidence presented before […]

New Delhi: Fugitive diamantaire Nirav Modi’s sister and brother-in-law have “turned approvers” in the over USD 2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. 49-year-old Nirav Modi, who is currently lodged in a London […]

London: Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a UK judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case. UK extradition judge orders Nirav Modi to be extradited […]