UK court allows sale of fugitive diamond merchant Nirav Modi's luxury London flat
A London high court ruled on Wednesday that a luxury apartment linked to Nirav Modi, held in a trust, can be sold for no less than..
Nirav Deepak Modi is a Belgian businessman and fugitive who was charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018. Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB). In March 2018, Modi applied for bankruptcy protection in Manhattan, New York. In June 2018, Modi was reported to be in the UK where he reportedly applied for political asylum. In June 2019, Swiss authorities froze a total of US$6 million present in Nirav Modi's Swiss bank accounts along with the assets.
A London high court ruled on Wednesday that a luxury apartment linked to Nirav Modi, held in a trust, can be sold for no less than..