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 There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”

Promoted Headlines

Most Popular