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Friday, February 28, 2020

Nirav Modi


Week after petition by Nirav Modi’s son, Supreme Court stalls auction of paintings seized by ED

February 28, 2020 12:38 am

While the Supreme Court bench led by Chief Justice of India, on Wednesday, directed Rohin Modi to approach the Bombay High Court for relief, it asked the Centre to not hold the auction till February 29.

Bombay HC judge recalls own order that gave Nirav Modi relief from being declared fugitive economic offender

February 20, 2020 7:32 am

Justice AM Badar, on January 6, in an ex-parte order, directed a trial court to not pass a final order against Modi on the fugitive economic offender (FEO) issue.

PNB fraud case: Nirav Modi to appear for remand hearing in UK

January 30, 2020 2:28 pm

The 48-year-old, who has been lodged at Wandsworth Prison in south-west London, will appear via videolink from prison. His extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin soon.

CBI gets nod for supplementary extradition plea against Nirav Modi

January 09, 2020 1:19 am

On Wednesday, the CBI filed an application before the special court in Mumbai, seeking to submit the documents, which require verification from the court. The court allowed the order.

CBI books 51 entities for transferring Rs 1,038-crore black money to Hong Kong

January 07, 2020 4:46 am

The CBI had received information that 51 current accounts of 48 firms were opened in four branches of these banks “solely for effecting outward remittances” to the tune of Rs 1,038.34 crore, the officials said.

Audit flags big differences in expenditure, inventory of Nirav firms with those of ‘peers’

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

PNB scam: Court declares Nirav Modi fugitive economic offender

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.

After Vijay Mallya, Nirav Modi: Who is a 'fugitive economic offender'?

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.

PNB scam: Nirav Modi declared fugitive economic offender

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.

Belgian auditor traces fake transactions and imports by Nirav firms

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”.


Nirav Modi, Priya Varrier, Indu Malhotra, Navjot Singh Sidhu: Newsmakers of 2018

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


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

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.

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

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: