NEW YORK: Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over USD 2.6 million from one of the world’s biggest diamond companies in Manhattan.
Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. Said.
“While diamonds maybe forever, this flawed scheme was not, and now Modi will face the clarity of a New York Supreme Court indictment. My Office will not allow individuals who have the privilege of soliciting business in Manhattan’s iconic diamond industry to defraud our businesses or consumers,” Vance said in a statement on Friday.
Nirav Modi s brother Nehal charged in $2 6 million fraud in US indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
Fugitive Nirav Modi s brother charged in $2.6 million fraud in New York
Announcing the charges against Nehal Modi on Friday, the prosecutor, Cy Vance, said, While diamonds maybe forever, this flawed scheme was not, and now Mr Modi will face the clarity of a New York Supreme Court indictment. December 20, 2020 / 11:16 AM IST
Nehal Modi, the brother of fugitive jewellery merchant Nirav Modi, has been charged by a New York prosecutor in an alleged $2.6 million fraud carried out through a multilayered scheme to cheat one of the world s biggest diamond companies.
Announcing the charges against Nehal Modi on Friday, the prosecutor, Cy Vance, said, While diamonds maybe forever, this flawed scheme was not, and now Mr Modi will face the clarity of a New York Supreme Court indictment.
Source:
PTI
New York: Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over USD 2.6 million from one of the world s biggest diamond companies in Manhattan.
Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. Said. While diamonds maybe forever, this flawed scheme was not, and now Modi will face the clarity of a New York Supreme Court indictment. My Office will not allow individuals who have the privilege of soliciting business in Manhattan s iconic diamond industry to defraud our businesses or consumers, Vance said in a ?statement on Friday.
Nirav Modi s brother Nehal charged with committing $2 6 million fraud in New York - business news hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.