Connect with us

Headlines

Where in the World Is Nirav Modi?

mm

Published

on

Indian authorities are looking toward Hong Kong.

A New York Times article describes Nirav Modi, the jeweler being investigated by Indian authorities in connection with a massive bank fraud case, as being “on the run” and says find out where he is has become a bit of “national pastime” in India.

In New York, reporters stationed himself outside the the JW Marriott Essex House because they thought he was there. But their efforts were to no avail, according to the newspaper.

Now Indian authorities are asking Hong Kong authorities for Modi’s “provisional arrest,” according to the Press Trust of India. Such an arrest would be made “pending a formal extradition request.”

India’s Ministry of External Affairs has revoked Modi’s password, according to the report.

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.

Advertisement

Punjab National Bank officials have estimated the scope of the fraud at $2 billion.

And in the U.S., Modi’s Firestar Diamond Inc. have filed for bankruptcy protection.

Read more at The New York Times

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular