Press "Enter" to skip to content

Billionaire Jeweler Vanishes Amid Bank Fraud Accusations

The search is on for a billionaire jeweler whose diamonds have been worn on the red carpet by celebrities like Kate Winslet and Dakota Johnson after the man was accused in two fraud schemes, Reuters reported.An Indian state-run bank alleged that Nirav Modi, whom Forbes has said is worth $1.8 billion, helped defraud one of the bank’s branches of about that much money going back to 2011. The Punjab National Bank also accused Modi of taking part in another, smaller fraud scheme. ICE Detentions Reported Across Northern California; Mayors Speak Out India’s Central Bureau of Investigation has been looking for Modi since Feb. 4, and authorities have taken possession of a Rolls-Royce, a Porsche and other properties of his worth about $81 million in total.A lawyer for Modi has denied that Modi committed any wrongdoing, and his flagship company, Firestar Diamond, said it had no involvement in the case. Supreme Court Declines to Decide Fate of ‘Dreamers’ Just Yet Photo Credit: Stephane Cardinale/Corbis via Getty Images
Source: NBC San Diego

Be First to Comment


    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Call Us