How did Nirav Modi flee India?
Nirav Modi, 49, is a diamond merchant who is facing charges of fraud and money laundering in India in connection with the Punjab National Bank (PNB) scam of approximately $1.5 billion. Nirav Modi fled India when the PNB scam was unearthed, and a multi-agency probe began.
Did Nirav Modi sell fake diamonds?
According to a report in the South China Morning Post, Nirav allegedly sold fake diamond rings to a Canadian national for US$200,000. … Later, he again bought a 2.5 carat oval diamond for US$80,000 from Modi. Alfonso then used these rings to propose his girlfriend.
Who is Neelam Modi?
Modi is the founder of Firestar Diamond, which claimed to have more than $2 billion in sales. He later launched his own Nirav Modi Brand with 14 stores in such locations as Mumbai, Hong Kong, London, Macau and New York.
Nirav’s half-brother Neeshal married Mukesh and Anil Ambani’s niece Isheta (she is their Goa-based sister Dipti Salgaocar and Raj’s daughter). … The Modis’ Ambani connection runs to business as well. Nirav Modi’s chief financial officer is Vipul Ambani. Vipul is the son of Dhirubhai’s youngest brother Natubhai Ambani.