Nirav Modi accused of selling fake diamonds by Canadian national

The fugitive jewellery tycoon Nirav Modi has been accused by Paul Alfonso, a Canadian national, of selling him fake diamonds and subsequently causing the end of his engagement.


Nirav Modi has been accused by Paul Alfonso, a Canadian national, of selling him fake diamonds - Syed Saleem- Facebook

The Canadian national Paul Alfonso is suing Nirav Modi for $4.2 million (Rs 27.9 crore) and has accused him of selling him fake diamonds worth $200,000 in April 2018, as reported by the Times of India. Notably, this is after news of Modi’s alleged fraud at the Punjab National Bank (PNB) surfaced but Alfonso stated that he was not aware of this at the time.

Alfonso stated that he had bought two rings for his former fiancée, one with 3.2 carat diamonds and the other with 2.5 carat diamonds collective worth $200,000. However, when his fiancée took the rings to be appraised for insurance, she was informed that they were fake and broke off the engagement. Alfonso stated that this drove him into a deep depression. Alfonso said that he met Modi for the first time in 2012 in Los Angeles, again two years later, and finally, at the beginning of 2018 when he told Modi of his plan to propose.

This charge comes in addition to Modi’s current accusation of being a major part of the over Rs 13,500 crore fraud at the PNB along with his Uncle Mehul Choksi. Indian authorities are currently trying to extradite Modi and Choksi to India to stand trial.


 

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