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FIRESTAR INDIA
London court orders Nirav Modi to pay Bank of India Rs 100 croreA London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The j...- Nirav Modi-owned Rhythm House may be auctioned soonThe Enforcement Directorate (ED), which had seized it along with other assets of Nirav Modi in the Punjab National Bank scam case, has rele...
- PNB scam: Properties worth Rs 500 cr of Nirav Modi firms restored to bankNirav Modi, who was declared a 'fugitive economic offender' in December, 2019, and his uncle Mehul Choksi are accused of committing a Rs 14...
- Lenders agree to liquidate Nirav Modi's Firestar International, feel auction will delay probeThe lenders will now approach the National Company Law Tribunal (NCLT) with a formal request to initiate liquidation proceedings. The compa...
- PNB fraud: Banks may liquidate Nirav Modi's Firestar InternationalThe lenders are divided over the future of the company as the Enforcement Directorate has initiated proceedings under the Prevention of Mon...
- Interpol issues Red Corner Notice against Nirav Modi's executiveThe notice, which acts as an international arrest warrant, mentions that Bhansali (40) is required on charges of "money laundering".
- FedEx'd diamonds fueled Nirav Modi PNB fraud, says reportThe three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.
- Nirav Modi case: Government mulls legal options to stall Firestar Diamond's bankruptcy proceedings in USAccording to officials, Firestar Diamond that filed for bankruptcy in a US court is a subsidiary of one of the companies against whom the N...
- PNB scam: 11 accused get judicial custody till Mar 28The CBI has registered cases against Modi and his companies, and Choksi in connection with the PNB fraud.
- Union Bank, Bank of India seek to be party to Nirav Modi-owned Firestar Diamond's US caseUnder Chapter 11 of the US Bankruptcy Code, companies are given protection from creditors as they try to reorganise their business with a c...
- Close confidant of Winsome group promoter arrested by CBIMeanwhile, top honchos of public sector banks have come under the scanner of the CBI in connection with alleged Rs 321.88 crore loan defaul...
- CBI quizzing Firestar CFO Ravi Shankar Gupta in PNB scamCBI has named Ravi Shankar Gupta as an accused in the third FIR it registered in the case and has also named the Firestar group as one of t...
- Here’s everything you wanted to know about the Rs 12,600 crore PNB fraud and its aftermathLast month, PNB revised the amount involved in the fraud to Rs 12,600 crore (around $1.9 billion), a significant markup over the initial co...
- CBI’s 3rd FIR says fraud started before 2017The first FIR, based on PNB’s complaint and registered on January 31, said that eight of the socalled letters of undertaking (Lo-Us) or gua...
- Nirav Modi's CA was in the know but didn't raise red flag: CBICountering CBI's submissions made during the remand hearing of Sanjay Rambhia, his lawyer said that he had done his job and pointed out the...
- In light of PNB scam, top executives quit Firestar International boardThey include Sanjay Rishi of American Express, former PepsiCo executive Gautham Mukkavilli and former Wipro CFO Suresh Senapaty.
- India Ratings downgrades two Nirav Modi-owned companiesThe rating downgrade came as the Indian Ratings resolved the Rating Watch Negative (RWN), the action taken earlier for both the companies.
- The uncertain financials of Firestar International, the flagship of Nirav Modi's empireThe company now finds itself in the centre of investigations by multiple agencies following the Rs 11,300-crore scam that broke out at PNB.
- Kalyan group owner is the wealthiest jeweller in IndiaHe opened his first jewellery shop in Thrissur in 1993 with only $100,000, and his business has now expanded to 32 showrooms across South I...
- Jewellery designer Nirav Modi plans string of retail storesDiamond jewellery designer Nirav Modi has said he will open at least 10 retail stores in India and overseas and introduce pieces at lower p...
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