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PTI
September 18, 2018
The Enforcement Directorate (ED) has zeroed in on foreign assets worth about Rs 4,000 crore of absconding diamond jeweller Nirav Modi for quick attachment under Prevention of Money Laundering Act (PMLA).


BusinessToday.In
New Delhi, September 14, 2018
De Beers, however, hoped that purchases made by Millennials and Gen Z generations will drive growth in the space.


BusinessToday.In
New Delhi, September 12, 2018
Choksi was allegedly in the business of \"highly inflating\" prices of the gems and jewellery sold from his outlets.


BusinessToday.In
New Delhi, September 11, 2018
The RCN has been issued on the request of the ED to the Interpol, as the ED seeks to interrogate her on the alleged charges of 'money laundering'.


BusinessToday.In
New Delhi, August 31, 2018
Watch BusinessToday.In Editor Rajeev Dubey discuss how round-tripping of diamonds was done by PNB scam accused Nirav Modi in different countries. Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


Ankit Kumar
August 30, 2018
The investigation notes at least 4 instances of round-tripping of diamonds to give the impression of high sales worth $213 million between Modi's entities and his shell companies.


Ankit Kumar
New Delhi, August 30, 2018
Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


BusinessToday.In
August 30, 2018
A 165-page dossier submitted to the United States Bankruptcy Court Southern District of New York may have finally blown the lid off biggest banking fraud in Indian history.


BusinessToday.In
August 30, 2018
A report by the US bankruptcy examiner John Carney reveals how Modi was involved in a number of fraudulent transactions as well as round-tripping of funds through the shell companies he owned.


PTI
August 26, 2018
Liabilities of big wilful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.


Prachi Bhuchar
New Delhi, August 20, 2018
A journey through opulence as we turn the spotlight on ethnic watches, haute hotel, limited edition pens, luxe smartphone and more.


Prachi Bhuchar
New Delhi, August 6, 2018
From unique sparklers to evolved speed machine and landmark camera, here is a look at the latest show-off pieces.


Sahil Joshi and Vidya
New Delhi, August 3, 2018
Antigua says it had sought updates on the probes against Choksi and received confirmation from Sebi that in one case, the matter had been closed, and indicating in the other that there is not sufficient evidence.


BusinessToday.In
New Delhi, August 3, 2018
De Beers has roped in many industry players to make Tracr, which will work on Etherium blockchain technology. This could bring around 60 per cent of India'sinformal diamond industry on one platform.


Karan Dhar
July 27, 2018
Mehul Choksi is not the only Indian fugitive diamantaire who has found refuge in the Caribbean.


BusinessToday.In
July 18, 2018
The move comes after liquor baron Vijay Mallya, PNB scam accused diamantaire Nirav Modi and Mehul Choksi gave a slip to the authorities.


Virendrasingh Ghunawat
Mumbai, July 13, 2018
The Enforcement Directorate (ED) is likely to file its prosecution complaint against fugitive businessman Jatin Mehta next week to make ground to confiscate his assets worth Rs 172 crore under the new Fugitive Act.


PTI
New Delhi, July 8, 2018
Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank data has showed. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.


Virendrasingh Ghunawat
Mumbai, July 3, 2018
When he got a hint that the Punjab National Bank has lodged a complaint against Gitanjali Group and the central investigative agencies are on the verge of nailing him down, Mehul Choksi began the process of selling all his properties and move outside India.


Virendrasingh Ghunawat
Mumbai, July 3, 2018
Choksi indulged in fund diversion to fulfil his luxurious needs. In 2013, he purchased a villa from Ziad Khalil Makkawi and Amal Boudhara Makkawi (UAE) and paid Rs 27 crore. To pay the EMI, Rs 15 lakh used to be transferred to Choksi's account from Gitanjali Venture DMCC in the guise of professional fees.


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