Westminster Magistrates' Court in London, England, has remanded jewellery tycoon Nirav Modi in jail until July 9 at a call-over hearing. Modi will continue to prepare for his extradition trial in jail.
India’s securities regulator fined Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing to disclose key information related to a $2 billion fraud at Punjab National Bank (PNB).
The Central Bureau of Investigation was granted permission to send additional evidence against accused jewellery tycoon Nirav Modi through a supplementary charge-sheet as it aims to bolster its extradition case.
The Central Bureau of Investigation has revealed that jewellery tycoon and alleged fraudster, Nirav Modi, deliberately changed the partnership structure of three of his businesses to hide his illegal business practices.