Gold, platinum and diamond jewelry belonging to Nirav Modi’s Firestar Diamond International will be sold by liquidators in Mumbai, India, in an e-auction next month. The fugitive jeweler, aged 51, is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn fraud. No reserve price has yet […]

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Celebrity jeweller Nirav Modi, accused of a number of crimes as part of a $2 billion (£1.44 billion) banking scandal, can be extradited to his native India to be tried for his crimes there, a UK court has ruled. Nirav Modi, a world-famous jeweller whose Nirav Modi Jewels brand found international success, has been held […]

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GCal Laboratories will be showcasing $3,5 million worth of Nirav Modi’s jewelry retail chain collections. Among the to be auctioned collections of the fugituve, bankrupt diamantaire are platinum and 18-karat gold collection suites such as Embrace, Luminance, Mughal, Lotus, Celestial and Jasmine. The Embrace Collection (expandable) includes bracelets, wedding bands, and necklaces. In the past, […]

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The central figure in an alleged $2bn fraud that rocked India’s state-owned Punjab National Bank has been arrested in London in response to a request from New Delhi to extradite him. Nirav Modi, a celebrity jeweller whose boutiques were in some of the world’s most prestigious shopping districts, was refused bail by a Westminster magistrates’ […]

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India’s The Enforcement Directorate (ED) announced it had seized “movable and immovable properties located in Mumbai and Surat, having market value of Rs147.72 crore consisting of eight cars, plant and machinery, consignments of jewellery, paintings and immovable property, owned by Nirav Modi and his group companies, namely Firestar Diamond International Private Limited, Firestar International Private […]

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