December 08, 2019 11:44 pm
While Nirav Modi and his Group are recognised as diamond traders, a large volume (61.44%) of their imported goods — for which the Letters of Undertaking were issued — comprised pearls
December 06, 2019 2:43 am
When Modi left India on January 1 last year, he was aware about payments that were due on January 25, 2018, to the Punjab National Bank on the Letters of Undertaking issued to his firms, and therefore he left the country in “suspicious circumstances”, the court said.
December 07, 2019 8:10 am
In the case of Nirav Modi, the ED filed an application under the FEO Act in July 2018. In the case of Mallya, the application was moved in June 2018, when the Act was still an Ordinance.
December 05, 2019 12:51 pm
Nirav Modi is the second person, after Vijay Mallya, to be charged under the newly-promulgated Fugitive Economic Offenders (FEO) Act that was passed last year.
December 05, 2019 12:57 pm
The auditor noted that “the anomaly indicates potentially fictitious import transactions where the actual movement of goods have not taken place”.
December 05, 2019 12:57 pm
The 329-page forensic report of BDO was handed by a whistleblower to the International Consortium of Investigative Journalists (ICIJ) which has partnered with The Indian Express for a series of reports on the findings of the forensic team.
November 06, 2019 7:42 pm
Modi's defence team blamed the leak on the Indian investigative agencies and produced a bundle of press reports dated October 30 for the judge to accuse the Indian authorities of “bad faith and egregious behaviour”.
November 06, 2019 4:19 pm
Modi has reportedly claimed anxiety and depression in his latest application, with earlier bail applications at the court being rejected, and then also on appeal at the High Court in London, as he was deemed a flight risk.
November 06, 2019 12:31 pm
In June, Modi's legal team took his appeal against that ruling to the Royal Courts of Justice in London, where a judge was told about the diamond merchant's troubled state of mind in "confidential" documents.
October 30, 2019 4:00 pm
The 48-year-old, who is fighting extradition to India, has reportedly sighted anxiety and depression in the latest application, his fifth attempt at bail since arrest on an extradition warrant in March this year.
December 25, 2018 7:31 am
From Urjit Patel's resignation to the demise of former PM Atal Bihari Vajpayee, 2018 has been an eventful year. Here is a recap of the year in photographs
September 11, 2018 11:37 am
The fugitive jeweller has spoken about the allegations against him for the first time. Mehul Choksi claimed that he tried to revoke the suspension of his passport with the Indian authorities.
July 17, 2018 12:13 pm
The number of bank officers arrested or facing charges for being involved with bad loans has gone up five times in the last four months. Here’s the #NewsInNumbers. See more: https://bit.ly/2IM1j4c