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Nirav Modi loses appeal in UK High Court, may be extradited to India soon

Fugitive diamond merchant Nirav Modi, who allegedly cheated Punjab National Bank (PNB) of over Rs 11,000 crore, is likely to be extradited soon to India from the UK as he lost his appeal in the High Court on Wednesday, reports said. ....

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Nirav Modi's assets to be auctioned live on Feb 27; Rolls Royce, luxury items among others

Nirav Modi s assets to be auctioned live on Feb 27; Rolls Royce, luxury items among others
The first auction shall be conducted by Saffronart as the Spring Live Auction on Thursday (Feb. 27), followed by the Spring Online Auction on (March 3-4).
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A collection of 112 lots of prized assets belonging to absconder diamantaire Nirav Modi shall be put up for live and online auctions starting on February 27, officials said. These assets were seized by the Enforcement Directorate (ED) and the auction is an attempt to recover a part of the dues Modi owes to various banks. ....

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