Nirav Modi- Biggest Scam Of The World
1 year ago Sumit Gupta 0
Nirav Modi- Biggest Scam Of The World, Nirav Modi is a one of the richest man in the world. He is a trader of Pearl and diamond.
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Nirav Modi global diamond jewelry house established by Nirav Modi on 2010.
Nirav Modi father’s name is Mr. Deepak Modi and grand father name is Mr. Keshavlal Modi. Nirav Modi’s family totally indulge in diamond jewelry. Nirav Modi mother was an interior designer.
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Nirav Modi Father took his business to Belgium on 1940 also started residing there.
Nirav Modi born on Antwerp Belgium and done his schooling their.On the age of 19 Nirav relocate to Bombay and started doing business of diamond with his maternal uncle.
In 1999 he established his own diamond jewelry firm Firestone diamond international.He got married to Ami Modi.
They have three children two daughters Apasha modi and Ananya Modi and one son Rhin Modi. Nirav Modi designed so man unique design such as Riviera of Perfections, Golconda Lotus Necklace etc.
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That make his brand so popular.In 2010 a diamond necklace designed by Nirav Modi has auction by Christy.
Necklace was sold for 16 crore but the basic price of Necklace was 12 crore and Nirav Modi became renowned person in whole world.
Scam – In February 2018 He is being investigated by two central agencies the Central Bureau of Investigation and Enforcement Directorate for massive fraud of 11,400 crore,
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rupees at Punjab National Bank Delhi with his maternal uncle Mehul Choksi of the Geetanjali group.
One another observation also come to light on that the practice of illegally issuing letter of undertaking (LoU) for Nirav Modi & Mehul Chowksi has continuing since 2008 exactly a decade from these time.
Raids have also been conducted on Nirav Modi Firms and jewelry, luxury cars and others assets have been seized on January 29, 2018.
Deputy general Manager of Punjab National Bank of Mumbai branch Avineesh Nepalia complains to the CBI that some of their officials doing fraud of practicing illegal wok of issuing Lou for Hong Kong Banks.
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Passport of Nirav Modi & Mehul Chowksi has been suspended by Government for four weeks.
CBI arrested former PNB Deputy Manager Gokulnath Shetty, Groups Authorized signatory Hemant Bhat and single Window Operation Manoj Kharat for the role of issuing fake guarantees.
PNB has said Nirav Modi to come up for the settlement of loss.