Home Business Scammer Nirav Modi Jewellery worth Rs1,350 crore recovered by ED

Scammer Nirav Modi Jewellery worth Rs1,350 crore recovered by ED

Scammer Nirav Modi and Mehul Choksi’s Jewellery worth Rs1,350 crore returns to India.

The Enforcement Directorate(ED) has recovered 2,300 kg of polished diamonds and pearls worth Rs 1,350 crores from Hong Kong, these jewels belonged to Nirav Modi and Mehul Choksi.

ED has brough 108 consignments, out of which 32 beglong to overseas firms controlled by Nirav Modi.

These jewels were dispatched to Dubai while they were being investigated, and has been brought back by ED.

Nirav Modi and Mehul Choksi were accused in scam involving fake guarantees in the name of state-run PNB to secure overseas loans. They did a scam worth 11,000 crores.

Both fled India stealthly in 2018, before the CBI could began investigations.

Both the scam businessmen are being investigated by the ED under the Prevention of Money Laundering Act.

Nirav Modi was arrested last year in London, UK and is fighting extradition to India from jail.

In an attempt to recover some of what Nirav Modi owes banks, agencies sold his assets through auction, including a Rolls Royce car, paintings of famous artists MF Hussain and Amrita Shergill, designer handbags and other luxury items.


Gold Prices in India Decline after soraing high for months

Gold prices in India fell today, tracking a decline in global markets and profit-taking at higher levels. On MCX, gold futures were...

Nepal PM KP Sharma Oli claims Lord Rama is Nepali not Indian

Nepal PM KP Sharma Oli have stirred a great controversy, he said Lord Rama is not Indian, he was Nepali. And Ayodhya...

BOARD Class 12 Result 2020: Check Scores Online

The Central Board of Secondary Education(CBSE) has declared class12 resuls. Check CBSE 12 resulth online. Student and parents...

Oppo preparing to announce next gen 125W fast charging technology

Oppo Quick 125W Fast Charging Tech to Launch on 15 July. The next Gen Fast Charging will surpass its own 65W charging.

TRAI stops Airtel Premium Plans for Platinum Users, violation of service norms

Bharti Airtel on 6 July announced faster & better 4G data speeds for its Platinum Users(paying Rs499 or more for a plan)....