Headlines

Where in the World Is Nirav Modi?

Published

7 years ago

April 5, 2018

INSTORE Staff

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.

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

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