Moneycontrol PRO
you are here: HomeNewsNirav modi
nirav modi
Jump to
  • Nirav Modi appeal: Retired Bombay HC Chief Justice Pradeep Nandrajog to give evidence in UK court Jun 29, 2022 06:54 PM IST

    Nirav Modi appeal: Retired Bombay HC Chief Justice Pradeep Nandrajog to give evidence in UK court

    Retired Justice Nandrajog will give evidence on the sovereign assurance given by the government of India, and on the status of accessing private healthcare in Arthur Road Jail, Mumbai.

  • UK High Court hears Nirav Modi plea against extradition to India Jun 28, 2022 04:44 PM IST

    UK High Court hears Nirav Modi plea against extradition to India

    The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds.

  • State-run banks’ net profit almost equals reported frauds in banking sector in FY22 May 30, 2022 02:59 PM IST

    State-run banks’ net profit almost equals reported frauds in banking sector in FY22

    According to the Reserve Bank of India’s annual report released on May 27, banks reported 9,103 frauds in FY22, involving Rs 60,414 crore. Interestingly, the total net profit of 12 state-run banks during FY22 stood at Rs 66,541 crore

  • Mehul Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBI May 02, 2022 04:46 PM IST

    Mehul Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBI

    The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Mehul Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.

  • CBI brings Nirav Modi's close associate Subhash Shankar back to India Apr 12, 2022 09:11 AM IST

    CBI brings Nirav Modi's close associate Subhash Shankar back to India

    The CBI has been investigating a bank fraud case and attempting to reintroduce Shankar to the country.

  • The Funnycontrol Awards: Oscars for financial actors Mar 28, 2022 06:04 PM IST

    The Funnycontrol Awards: Oscars for financial actors

    The Funnycontrol Awards or as we call it Oscars for financial actors like Vijay Mallya, Nirav Modi, or business news anchors. Let’s look at some of the award categories for this year.

  • Rs 19,000 crore-worth assets of fugitive Vijay Mallya, Nirav Modi, Mehul Choksi seized: Govt Mar 22, 2022 05:37 PM IST

    Rs 19,000 crore-worth assets of fugitive Vijay Mallya, Nirav Modi, Mehul Choksi seized: Govt

    The trio have defrauded public sector banks to the tune of Rs 22,585.83 crore by siphoning off funds through entities linked to them, MoS Finance Pankaj Chaudhary said in the Rajya Sabha.

  • Rs 19,111 crore assets attached out of total fraud by Vijay Mallya, Nirav Modi & Mehul Choksi: Centre tells SC Feb 24, 2022 08:10 PM IST

    Rs 19,111 crore assets attached out of total fraud by Vijay Mallya, Nirav Modi & Mehul Choksi: Centre tells SC

    The figures were mentioned in the note submitted by Solicitor General Tushar Mehta in the apex court, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA).

  • Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi and Mehul Choksi Feb 23, 2022 08:07 PM IST

    Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi and Mehul Choksi

    Finance Minister Nirmala Sitharaman in December last year, had informed that as of July 2021 banks had recovered Rs 13,109 crore after the sale of assets belonging to the three. At the time the latest tranche of recoveries was valued at Rs 792 crore.

  • UK court hears Nirav Modi extradition appeal on mental health grounds Dec 14, 2021 07:34 PM IST

    UK court hears Nirav Modi extradition appeal on mental health grounds

    Lord Justice Jeremy Stuart-Smith and Justice Robert Jay presided over the hearing at the Royal Courts of Justice to determine whether District Judge Sam Goozee’s February ruling in favour of extradition was incorrect to overlook the diamond merchant’s high risk of suicide.

  • When the UK Home Office revokes visas to curb corruption Dec 12, 2021 07:02 PM IST

    When the UK Home Office revokes visas to curb corruption

    Mounting criticism that London is used for money laundering led to Pakistani billionaire losing 10-year multi-entry visit visa, but questions remain on investor visa that provided refuge to Nirav Modi.

  • Nirav Modi extradition case: outcome of appeal to also affect Pakistani-origin global financier Arif Naqvi Nov 14, 2021 12:20 PM IST

    Nirav Modi extradition case: outcome of appeal to also affect Pakistani-origin global financier Arif Naqvi

    Arif M. Naqvi, the financier who seduced Bill Gates, governments to invest millions, has to wait for Nirav Modi's fate before UK court decides on his extradition to US to face fraud charges.

  • Why rich people in need of financial wizardry often flock to the UK and its outposts including British Virgin Islands Oct 24, 2021 06:17 PM IST

    Why rich people in need of financial wizardry often flock to the UK and its outposts including British Virgin Islands

    Vijay Mallya, Nirav Modi, Pramod Mittal, Lalit Modi have added a strong Indian flavour to London as a destination for dubious, failed, problematic business enterprises.

  • US court dismisses plea filed by Nirav Modi, associates Oct 19, 2021 08:34 AM IST

    US court dismisses plea filed by Nirav Modi, associates

    The allegations were made by Richard Levin, the court appointed trustee of three US corporations--Firestar Diamond, Fantasy Inc and A Jaffe--indirectly owned by Nirav Modi previously.

  • Court allows return of Nirav Modi's confiscated assets to PNB Aug 19, 2021 07:17 PM IST

    Court allows return of Nirav Modi's confiscated assets to PNB

    Nirav Modi and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by obtaining credit facilities fraudulently from the PNB, a public sector bank.

  • India, UK review permission granted to Nirav Modi to appeal against extradition Aug 10, 2021 03:38 PM IST

    India, UK review permission granted to Nirav Modi to appeal against extradition

    The CPS, which represents the Indian authorities in court, highlighted that the appeal can be heard at a full hearing on two grounds related to the mental health of the 50-year-old diamantaire, who is lodged at Wandsworth Prison in south-west London as he fights his extradition to face charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case.

  • UK High Court grants Nirav Modi permission to appeal on depression, suicide risk grounds Aug 09, 2021 03:29 PM IST

    UK High Court grants Nirav Modi permission to appeal on depression, suicide risk grounds

    Justice Martin Chamberlain delivered his verdict remotely under COVID-19 rules to conclude that the arguments presented by the 50-year-old diamond merchant’s legal team concerning his “severe depression” and “high risk of suicide” were arguable at a substantial hearing.

  • PNB Scam | Suicide, COVID-19 risks in Mumbai prison focus of Nirav Modi extradition appeal in UK Jul 21, 2021 10:13 PM IST

    PNB Scam | Suicide, COVID-19 risks in Mumbai prison focus of Nirav Modi extradition appeal in UK

    The 50-year-old diamond merchant, wanted in India to face charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, observed the remotely held court proceedings from his Wandsworth Prison in south-west London as his lawyers argued for permission to appeal against his extradition ordered by District Judge Sam Goozee in February and certified by UK Home Secretary Priti Patel in April.

  • Banks recover another Rs 792 crore from Kingfisher Airlines share sale Jul 16, 2021 03:35 PM IST

    Banks recover another Rs 792 crore from Kingfisher Airlines share sale

    The ED said that Rs 1,060 crore has been granted to banks by a Fugitive Economic Offense Court in the Nirav Modi case.

  • PNB moves court seeking restoration of assets of Nirav Modi's firms confiscated by ED Jul 14, 2021 10:52 PM IST

    PNB moves court seeking restoration of assets of Nirav Modi's firms confiscated by ED

    The Enforcement Directorate (ED) had earlier confiscated assets worth over Rs 329.66 crore of Nirav Modi under the fugitive economic offenders law.

  • Nirav Modi's sister Purvi, approver in PNB scam case, remits Rs 17.25 crore to govt: ED Jul 01, 2021 06:00 PM IST

    Nirav Modi's sister Purvi, approver in PNB scam case, remits Rs 17.25 crore to govt: ED

    Purvi Modi is one of the approvers in the PNB scam case, which lists her brother Nirav and uncle Mehul Choksi among main accused.

  • Nirav Modi renews UK extradition appeal, to be heard on July 21 Jun 29, 2021 09:54 PM IST

    Nirav Modi renews UK extradition appeal, to be heard on July 21

    The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London, had lost the first stage of the High Court appeals process last week as a judge declined permission to appeal "on the papers".

  • ED transfers portion of assets seized in Vijay Mallya, Nirav Modi cases to Centre and PSBs Jun 23, 2021 11:47 AM IST

    ED transfers portion of assets seized in Vijay Mallya, Nirav Modi cases to Centre and PSBs

    The Enforcement Directorate (ED) said on June 23 that it had transferred a part of the attached or seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre.

  • Mehul Choksi case: Dominica High Court adjourns hearing, next date not fixed Jun 03, 2021 08:48 PM IST

    Mehul Choksi case: Dominica High Court adjourns hearing, next date not fixed

    Mehul Choksi, after his "mysterious" disappearance from Antigua on May 23, was detained by the Dominican authorities on May 25. Since then, the Antiguan government has urged the neighbouring Caribbean nation to "directly extradite" him to India.

  • PNB fraud case | India in touch with Dominica, Antigua and Barbuda to bring back Mehul Choksi: Report May 27, 2021 05:19 PM IST

    PNB fraud case | India in touch with Dominica, Antigua and Barbuda to bring back Mehul Choksi: Report

    Choksi, who had recently fled from Antigua and Barbuda, was captured in neighbouring Dominica after an Interpol Yellow Notice was issued against him, Antiguan media reported on Wednesday.

Sections
ISO 27001 - BSI Assurance Mark