Nirav Modi
Indian diamond dealer and Man accused in the PNB bank scam
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| December 2024 | The Finance Minister of India, Nirmala Sitaram, claimed that the Enforcement Directorate recovered ₹1,052 crore from Nirav Modi's assets and returned the money to banks. |
| December 2022 | The Royal Courts of Justice in London refused permission for Nirav Modi to appeal his extradition to the UK Supreme Court and ordered him to pay legal fees of £150,247. |
| October 2021 | The Pandora Papers revealed that Modi's sister, Purvi Modi, set up an offshore firm one month before he fled India. |
| June 23 2021 | A UK high court rejected Modi's application to appeal his extradition to India. |
| May 1 2021 | Modi appealed the extradition decision to the UK High Court, claiming he would not get a fair trial in India. |
| April 15 2021 | The UK Home Secretary signed the extradition order for Nirav Modi. |
| February 25 2021 | A UK court allowed the Indian government's request to extradite Modi to India as a key defendant in the PNB fraud case. |
| June 8 2020 | The Prevention of Money Laundering Act (PMLA) Court ordered confiscation of nearly Rs 1,400 crores worth of Modi's property. |
| June 2019 | Swiss authorities froze US$6 million from Nirav Modi's Swiss bank accounts and associated assets. |
| May 3 2019 | Modi applied for bail in the UK High Court, a day after his remand was extended. All his bail requests were subsequently rejected. |
| March 2019 | 68 works from Modi's art collection were sold by India's income tax department, fetching £5.3m, including a Vasudeo S. Gaitonde painting that sold for £2.6m. |
| March 20 2019 | Nirav Modi was arrested in London after a warrant was issued against him. |
| September 26 2018 | Union Bank of India filed a lawsuit against Modi in the Hong Kong High Court, claiming he was responsible for over $5.49 million in loan defaults by his companies. |
| August 2018 | Charged by Interpol and the Government of India for multiple criminal offenses, including fraud, money laundering, and breach of contract related to the $2 billion Punjab National Bank (PNB) fraud case. |
| July 2018 | Interpol issued a Red Corner Notice for Nirav Modi, enabling international law enforcement agencies to locate and arrest him in connection with the bank fraud case. |
| June 2018 | Modi was reported to be in the UK applying for political asylum. |
| May 2018 | Modi's company A.JAFFE was auctioned and purchased by Parag Diamond. The CBI and ED registered two FIRs each to probe the fraud case. |
| April 2018 | Indian authorities alleged Nirav Modi had found safe haven in Hong Kong and formally requested his arrest. Modi subsequently applied for asylum in the UK, claiming political persecution and denying wrongdoing. |
| March 2018 | Nirav Modi was declared a fugitive economic offender by Indian authorities after he fled India, facing multiple criminal investigations related to the PNB bank fraud case. |
| March 9 2018 | Forbes estimated Modi's wealth to be less than $100 million and removed him from their annual billionaires list. |
| March 7 2018 | Nirav Modi's firm Firestar Diamond Inc. applied for bankruptcy protection at a Manhattan bankruptcy court to protect its assets in the United States and its revolving credit facility with Israel Discount Bank. |
| February 16 2018 | Nirav Modi continued communication with Punjab National Bank, emphasizing the potential loss of his estimated ₹6,500 Crore domestic business due to the bank's actions. |
| February 15 2018 | Nirav Modi responded to the bank, claiming that the bank's actions had destroyed his brand and business, and that his ability to repay the dues had been restricted due to frozen bank accounts and seized assets. |
| February 14 2018 | Nirav Modi was accused of orchestrating a massive bank fraud against Punjab National Bank (PNB), involving fraudulent letters of undertaking totaling approximately ₹14,000 crore (US$1.8 billion), which was discovered and reported by the bank. |
| February 13 2018 | Nirav Modi made an offer to Punjab National Bank regarding the ongoing financial dispute, one day before a public announcement. |
| 2011 | Modi guaranteed two loans to Firestone Trading Private and Firestar Diamond through Union Bank of India. |
This contents of the box above is based on material from the Wikipedia article Nirav Modi, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.