News

Billionaire Diamantaire Nirav Modi Arrested in London

The jeweller in question following an arrest warrant issued by the UK

diamond world news service

Wanted in a Rs 13,000 crore bank fraud, accused jeweller Nirav Modi was arrested in London yesterday. According to the Enforcement Directorate, Nirav was arrested at the Holborn metro station in central London.

The accused apparently has been living in a 33-storey apartment in London’s West End. Earlier this month he was spotted in a 10000 pound ostrich-hide jacket. He refused to give any sort of response to the reporter. The reporter who works at The Telegraph reported that the billionaire jeweller had started a diamond business in Soho after acquiring all the necessary permits.

After India’s request for Nirav’s extradition, the UK issued a warrant against him. But whether or not he will be extradited is still a question mark considering the long legal process.

 

 


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

US Tariffs Create Uncertainty Over India’s Diamond Duty Exemption

Dior launches Rose des Vents campaign featuring Mia Goth

Forevermark Diamond Jewellery Partners Raw Mango at London Fashion Week

Pharrell Williams Launches Online Auction of Personal High Jewellery Collection

STÉFÈRE Unveils Midnight Garden High Jewellery Collection in Paris