Following is the chronology of the case and its origin.
Following is the chronology of the case and its origin:
January 29, 2018: Punjab National Bank (PNB) files police complaint against Nirav Modi, Mehul Choksi and others accusing fraud to the tune of ₹2.81 billion.
February 5, 2018: The Central Bureau of Investigation (CBI) launches an investigation into the alleged scam.
February 16, 2018: The Enforcement Directorate (ED) seizes a cumulative ₹56.74 billion worth of diamonds, gold and jewellery from Nirav Modi’s home and offices.
February 17, 2018: The CBI makes first arrest in the case. Two PNB employees and an executive of Nirav Modi’s group were detained.
PNB-Nirav Modi case: Chronology of events
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Celebrity Jeweller To One Of The Biggest Scamsters In India: Timeline On The Fall Of Nirav Modi
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Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. The 49-year-old appeared via videolink from Wandsworth Prison in south-west London and showed no emotion as District Judge Samuel Goozee handed down his judgment at Westminster Magistrates Court in London. “I am satisfied on the evidence that a prima facie case of fraud and money laundering is established,” said Judge Goozee, as he read out parts of his judgment in court and concluded that he will send his ruling to the UK s Secretary of State, Priti Patel.