Connect with us

Headlines

Newspaper Tracks Down Billionaire Jeweler Suspected in $2B Fraud

Nirav Modi has been staying in a high-dollar London apartment.

mm

Published

on

British newspaper The Telegraph tracked down Nirav Modi, the billionaire jeweler who’s suspected in a $2 billion fraud case in India, in London.

He’s been staying in a high-dollar apartment in London’s West End, according to the newspaper.

Smith and DeGroot Release “Much Ado About Lab-Grown Diamonds” Podcast Episode
The Business of Jewelry

Smith and DeGroot Release “Much Ado About Lab-Grown Diamonds” Podcast Episode

New “The Business of Jewelry” Podcast Addresses Questions of Hiring
The Business of Jewelry

New “The Business of Jewelry” Podcast Addresses Questions of Hiring

Podcast: Put Your Heart in Your Business
JimmyCast

Podcast: Put Your Heart in Your Business

Last year, The New York Times described Modi as being “on the run” and noted that figuring out his location had become something of a “national pastime” in India.

He’s remained at-large despite Interpol’s issuance of a reed notice for his arrest in July, The Telegraph reports.

The newspaper, which has described Modi as “India’s most wanted man,” posted a video of the jeweler on Twitter, with Modi replying “sorry, no comment” to a reporter’s questions.

The New York Times reports that India is waiting for a reply from Britain regarding an extradition request. The Telegraph later reported that that the UK had agreed to the extradition.

Advertisement

Modi is at the center of a fraud case involving Punjab National Bank, where employees are “suspected to have steered fraudulent loans” to Modi’s businesses, Reuters has reported.

Modi is apparently involved in a new new diamond business in the UK, according to The Telegraph.

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular