Why do all frauds seek refuge in the United Kingdom

mallyaniravchoksiNirav Modi joined the long list of Indian fugitives to take refuge in the United Kingdom. He now joins an infamous bandwagon comprising, Lalit Modi, Vijay Mallya, music composer Nadeem among others.

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Nirav Modi flees to London, seeks political asylum

niravmodiNirav Modi has fled to the United Kingdom and is said to be seeking political asylum. The Financial Times while quoting British and Indian officials said the PNB fraud accused is currently in the UK.

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PNB: ED provisionally attaches Modi’s property worth Rs 170 crore

niravmodiIn a major move the Enforcement Directorate has provisionally attached assets worth nearly Rs 170 crore belonging to Nirav Modi in connection with the PNB fraud case. The action was taken under the provisions of the Prevention of Money Laundering Act. This action would now have to be confirmed by the adjudicating authority.

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Mallya, Choksi, Modi set to be hit as ED sets in motion new fugitive offender law

mallyachoksimodiThe just promulgated Fugitive Economic Offenders Ordinance is set to roll into motion with the Enforcement Directorate moving to confiscate properties of businessmen Vijay Mallya, Nirav Modi and Mehul Choksi.

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PNB scam: ED arrests close aide of Nirav Modi on money laundering charges

The Enforcement Directorate which is probing the PNB scam amounting to over Rs 12,000 crore has arrested a close aide of Nirav Modi, the prime accused in the case.

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PNB: ‘Nirav Modi indirectly blocking fraud case through firm’, says ED

The Enforcement Directorate has accused Nirav Modi of an indirect challenge in the money laundering case filed against him. Modi an accused in the Rs 12,000 crore PNB fraud case is using his company, Firestar Diamonds, to “abuse the process of law” and indirectly challenge the case by moving the plea through his firm, the ED told the Delhi High Court.

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PNB fraud: ED seeks Interpol notice against Modi, Choksi

The Enforcement Directorate has moved the Interpol for issuance of a red corner notice against Nirav Modi and Mehul Choksi, the two prime accused in the PNB scam.

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What is the 80:20 gold scheme: How it helped the likes of Choksi for round tipping of black money

Amidst the investigations into the Rs 12,000 crore PNB scam, the BJP has raked up a gold import scheme that was introduced by the UPA. The allegation is that the scheme introduced by the former finance minister of India, P Chidambaram had aided jewellers such as Nirav Modi and Mehul Choksi.

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Fugitive Economic Offenders Bill applicable with retrospective effect

The Cabinet on Thursday approved the Fugitive Economic Offenders Bill. The move comes in the wake of several alleged economic offenders like Nirav Modi and Vijay Mallya fleeing the country to avoid trial and prosecution.

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PNB scam now stands at Rs 12,700 crore

The PNB scam now officially stands at Rs 12,700 crore. The quantum of the unauthorised transactions of diamond merchants Nirav Modi and Mehul Choksi rose by Rs 1,300 crore, according to a stock exchange notification by the Punjab National Bank.

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