Amid Investigation At Home, Nirav Modi At New York Apartment: Sources

in #the • 7 years ago

Celebrity jeweller Nirav Modi, who left India just days before the CBI started investigating him in connection with a Rs. 11,300 crore Punjab National Bank (PNB) scam, has been traced to an apartment in New York's Manhattan. Sources have told NDTV that he is staying in a suite at JW Marriott's Essex House, a short walk away from his luxe Madison Avenue jewellery retail store.

Yesterday, the government said his passport would be revoked and "no one, no matter how big, would be spared".

Complete coverage on PNB fraud

Nirav Modi, his family members and business partner Mehul Choksi are accused of getting billions in credit from banks overseas after using PNB officials in Mumbai to issue fraud guarantees.

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7 years ago in #the by
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