Tag Archives: nirav

The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. “The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of ... Read More »

Noose tightens around Nirav Modi. The Interpol has issued a Red Corner Notice against against diamantaire, his brother and Neeshal Modi and close aide Subhash Parab. The notice was issued on June 29 but was made public on Monday by the International Police Cooperation Agency. Red Corner Notice has been ... Read More »

The notice was issued on June 29 but has been made public on Monday by the International police cooperation agency, the sources said, adding that it will make unhindered movement of Modi across border difficult and might lead to his arrest. The Interpol has issued the RCN on the basis ... Read More »

UK Govt officials have assured Union Minister of State for Home Kiren Rijiju, at a meeting of Britain’s full cooperation in India’s efforts to extradite Nirav Modi, liquor baron Vijay Mallya and others. It seems India’s big ticket economic absconders Lalit Modi and Vijay Mallya have added to their ranks ... Read More »

These fraudulent guarantees enabled Nirav Modi to secure loans from overseas banks which he siphoned off, the CBI alleged. The scam pertains to the alleged issuance of fraudulent Letters of Undertakings of more than USD 2 billion to companies of Modi and his uncle Mehul Choksi by the Punjab National ... Read More »

Bank of India is the second lender bank to file a recovery law suit in the Hong Kong court since third week of April. Earlier, Punjab National Bank had moved a recovery writ in a Hong Kong court against Nirav Modi for an amount over five million US Dollars.  India has ... Read More »

New Delhi: Billionaire jewellery designer Nirav Modi and the main accused in alleged fraudulent transactions of over Rs 11,400 crore through 150 letters of understanding issued by the Punjab National Bank, left India on January 1. Modi’s leaving the country once again brings to limelight the cases of other economic offenders like ... Read More »