Nirav Modi

Nirav Modi News

Nirav Modi's illegal bungalow in Alibaug razed, Govt informs Bombay HC

Government counsel advocate P B Kakade told a bench of Chief Justice Naresh Patil and Justice M S Karnik that it had served demolition notices to another 58 private properties in the area constructed in violation of the state's rules and coastal zone norms.

Nirav Modi scam: Why was I-T report not shared with other agencies, asks Congress

The Congress reaction came after The Indian Express reported on Monday that the Income Tax Department had prepared a probe report running into about 10,000 pages on bogus purchases, huge overvaluation of stocks and suspicious payments to relatives regarding the firms of diamond jewellers Nirav Modi and Mehul Choksi.

Nirav Modi tells court: ‘Being compared to Ravan, worried about my security’

Nirav Modi told the court that he had not fled the country under “suspicious circumstances” as has been claimed by ED.

Nirav Modi cannot return to India, afraid of getting lynched: Lawyer to court

Nirav Modi and his maternal uncle Mehul Choksi are being investigated by Indian agencies after state-owned Punjab National Bank complained against their companies, saying it had been cheated of Rs 13,600 crore through fraudulent LoUs and Foreign Letters of Credit.

Centre gives SFIO powers to stop defaulters from fleeing the country

The SFIO is a statutory body, under the Ministry of Corporate Affairs and investigates matters related to serious fraud in a company. The power to make arrests under Section 212 (8) of the Act was granted to SFIO in August last year.

Now, state bank CEOs can request look-out circulars against wilful defaulters

A Home ministry notification said CEOs of PSBs have been added to the list of officials who can now make a request for issuance of LOCs to the ministry.

Money for farm loan waiver will come from Nirav, Mallya: Rahul Gandhi

Rahul also hit back at PM Narendra Modi’s jibe that only “one family” was “weeping” over note ban, saying that demonetisation had only affected the poor and allowed the rich to get away scot-free.

Surat Customs department to start attaching Nirav Modi’s assets

The Customs department in Surat had registered an offence against Modi and his firms - Firestar Diamond International Pvt Ltd, Firestar International Pvt Ltd, Radhasir Jewellery co pvt. Ltd - under sections of 135 (1) (A)(I), section 135(1),(B)(I), 132 and section 140 of Customs Act 1962.

PNB fraud: ED attaches Nirav Modi’s 11 properties worth Rs 56 crore in Dubai

Nirav Modi has been absconding since the alleged bank fraud came to light early this year and an Interpol arrest warrant was recently notified against him.

Medically unfit to travel to India: Mehul Choksi to court

Mehul Choksi said that he had neither left the country post the registration of the complaint against him by the CBI or the ED nor has he refused to return.

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Mehul Choksi says Enforcement Directorate’s allegations against him “false and baseless”

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.

Bank officials under CBI probe has risen 5 times in the last 4 months: News in Numbers

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

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