Who does not know the name of fugitive diamond trader Nirav Modi… Nirav Modi was once counted among the richest businessmen of India and all the famous actors of Bollywood were associated with his jewelry brand. Although now his condition is not very good. On one hand he has to spend life in jail, on the other his bank accounts are getting empty.
Crores of rupees transferred here
According to reports, Nirav Modi once Was the owner of the wealth, now only 236 rupees are left in his bank account. According to reports, this amount is in the bank account of Firestar Diamond International Pvt Ltd, a company of Nirav Modi. This amount is left after Kotak Mahindra Bank transferred Rs 2.46 crore to SBI’s bank account regarding income tax dues. According to a Times of India report, Union Bank of India and Bank of Maharashtra have transferred only a part of the total dues.
The court had given this order
Nirav Court has appointed liquidator for Firestar Diamond International Pvt Ltd under Fugitive Economic Offenders Act in case of fraud committed by Modi. Punjab National Bank had requested through the liquidator to transfer the amount lying in the company’s bank account. The court had asked Union Bank of India and Bank of Maharashtra to transfer the money. However, both the banks did not comply with the court order.
Work is going on on loan
While in some other news it was told recently that Nirav Modi on borrowing is forced. During the ongoing hearing in the court, Nirav Modi was asked how he would meet the expenses of the court proceedings, in response to which he had said that he was running on loans from people, as his assets were seized under the extradition proceedings. Are. Due to this he has limited resources left.
These three cases on Nirav Modi
Nirav Modi is facing three criminal cases in India. The first case is related to fraud with Punjab Nation Bank. In this, the government bank had lost thousands of crores of rupees. The second case is of money laundering of the amount obtained by cheating with Punjab National Bank. Another third case relates to CBI proceedings related to tampering with evidence and influencing witnesses.
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