SURAT: Custom Department has filed an application in Surat Court seeking its nod for confiscating 7 properties of Nirav Modi, a fugitive businessman involved in PNB Scam case. Custom department has started proceedings for confiscating a total of 7 properties of fugitive Nirav Modi based in Surat including Firestar international private limited & Firestar diamond international private limited based in Sachin SEZ (Special Economic Zone), plots owned by Radheshree Jewellery Company and offices...Read More

London: Westminster Magistrates Court here on Wednesday rejected the bail plea of fugitive Indian diamantaire Nirav Modi, who was arrested by London police. The next hearing will take place on March 29, the court said. The diamond merchant was arrested from the Holborn area of central London on Tuesday.The court had issued the arrest warrants on Monday. Modi, 48, is wanted by the Directorate of Enforcement (ED) in India in connection with a loan fraud of approximately Rs 13,000 crores f...Read More

Surat: Around 2,000 persons are believed to have lost their jobs in scamsters Nirav Modi and Mehul Choksi's companies in Surat. Nirav Modi's five manufacturing units are seized along with one office in Belgium tower in Surat. Mehul Choksi's ten offices are sealed in Diamond Park. Six bank accounts of Nirav Modi and Mehul Choksi are freezed. Nirav Modi's manufacturing unit and registered office was located in Surat's Sachin based Special Economic Zone under the title of Firestar Diam...Read More

New Delhi: The American government today refused to confirm the presence of billionaire bank defaulter Nirav Modi in the country. A US state department official Heather Nauert said they are aware of the recent media reports that Nirav Modi is in America but can not confirm those reports. Read More

Ahmedabad/Vadodara: Continuing its raids in bank scam of Nirav Modi, the Enforcement Directorate (ED) today conducted search and seizure operations on at least three jewelry outlets in Gujarat. According to primary information separate teams of ED conducted raids at one place in Vadodara and 2 in Ahmedabad. The ED seized over 200 boxes of jewelry and other items from these outlets of the firms in which Nirav Modi was an investing partner/owner. The ED...Read More

New Delhi: The CBI today registered a fresh FIR against the Gitanjali Group promoted by Mehul Choksi, uncle of billionaire jeweler Nirav Modi, after a Rs 4,886 crore alleged loss related complaint from Punjab National Bank dated February 13, and also approached the Interpol to locate them. Searches were carried out by CBI on the premises of Mehul Choksy owned Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore, other group factories and plants including offic...Read More

New Delhi: PNB Scam has shocked the country today as it involves Rs 11,000 crore fraud, making it one of the biggest banking scams. Billionaire jewellery designer Nirav Modi accused of committing the scam has left the country on January 1 much before the CBI received a complaint from Punjab National Bank on January 29 about a Rs 280-crore fraud, officials said. This is one more incident of scam in which the scamster easily left the country. Formerly Vijay Mallya and Jatin Mehta managed to...Read More