Latest news with #Nirav
Time of India
05-07-2025
- Business
- Time of India
Punjab National Bank fraud case: US arrests Nirav Modi's brother Nehal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US authorities have arrested Nehal Modi, a co-accused along with brother Nirav and uncle Mehul Choksi in the ₹25,000-crore Punjab National Bank fraud case, on a request from the Enforcement Directorate and the Central Bureau of Investigation for his was in a New York jail after being convicted in July 2022 for fraudulently obtaining more than $2.6 million worth of diamonds from a Manhattan-based wholesale company. He had sought parole, but it was denied, and the authorities placed him under arrest on India's request, said a senior official privy to the Modi is a Belgium national. His extradition proceedings in the US are set to begin on July 17, when a status conference is scheduled to decide the trial date. He is expected to seek bail and the US prosecution is likely to oppose it, the official ED and CBI have filed chargesheets against him and the other accused in India. A red corner notice was also issued against uncle, Choksi, who was arrested in April in Belgium, and brother Nirav, currently in a London jail, are also facing extradition proceedings initiated by India. They have denied any wrongdoing and are opposing the proceedings to bring them to to the ED chargesheet, which is investigating the money-laundering aspect of the alleged scam, Nehal Modi "knowingly and intentionally" helped his brother divert money to shell corporations and destroyed key evidence, claims Modi was looking after the affairs of Twin Fields Investments and Bailey Bank and Biddle for Nirav Modi, according to ED. These companies had received around $50 million from dummy companies of Nirav Modi which in turn received this fund from the fraud committed on PNB, the agency said in its chargesheet. Nehal Modi became the protector and investment advisor of a trust that got $30 million after extensive layering and this money was used to purchase two immovable properties in the US, ED the alleged scam came to light, Nehal Modi, along with another co-accused Mihir Bhansali, took away diamonds worth $6 million and 150 boxes of pearls from Hong Kong, and 3.5 million UAE dirhams in cash and 50 kg gold from gold, according ED's chargesheet. Nehal Modi was in charge of firms like Samuels Jewellers and Diamlink, linked to Choksi, it claimed. "At his instance, these companies received around $19 million of proceeds of crime in the guise of royalty, advances, etc., from Dubai-based shell companies of Mehul Choksi," according to the chargesheet.
Hindustan Times
27-05-2025
- Health
- Hindustan Times
Lko reports first COVID case, patient recovers at home
The first COVID-19 case of the current wave was reported in Lucknow, with health officials confirming on Tuesday that the patient, an elderly resident of the Ashiana locality, has recovered and is currently isolating at home. According to district surveillance officer Dr N Nirav, the patient had recently returned from a trip to Uttarakhand on May 14 and developed symptoms days later. He underwent testing for the new COVID-19 variant on May 21, which returned positive. 'His condition has improved, and he is recovering at home. His family members are also in good health,' said Dr Nirav. Chief medical officer Dr NB Singh confirmed that the man had consulted an acquaintance working at the Sanjay Gandhi Post Graduate Institute (SGPGI) regarding his symptoms before opting for a test. 'He met someone he knew who works at SGPGI and, after discussing the symptoms of the new variant, decided to get tested. Fortunately, he recovered quickly,' Dr Singh stated. Meanwhile, a 71-year-old man from Firozabad, who had tested positive for COVID-19 at a private lab, died at SN Medical College and Hospital in Agra early Tuesday. However, health officials said the man had multiple serious health conditions, and an RT-PCR test could not be conducted before his death. Dr Amit Rawat, additional chief medical officer officiating as CMO Agra, said, 'The patient had been admitted to a private hospital in Agra with major ailments, including a head injury, kidney issues, breathing difficulties, and other chronic problems.' He was shifted to SN Medical College on Monday night after reportedly testing positive at a private lab. Dr Prashant Gupta, principal of SN Medical College, said the patient was kept in the emergency isolation ward as a precaution, as no official COVID-19 report was provided. 'He died at 6:30 am on Tuesday before the RT-PCR test could be conducted. He was treated as a COVID suspect, but the cause of death was the existing serious ailments,' Dr Gupta added.
Yahoo
22-05-2025
- Entertainment
- Yahoo
Morgantown student to compete in Scripps National Spelling Bee
MORGANTOWN, (WBOY) — A 7th grader from Mountaineer Middle School will be one of two West Virginians competing in the 2025 Scripps National Spelling Bee next week. Nirav Nimbarte qualified for the national competition after winning the regional spelling bee back in March. Nirav is 12 years old and enjoys playing the piano, playing outside and playing and watching sports. According to his Scripps bio, his favorite subject is math, his favorite author is Rick Riordan and his favorite candy is Sour Patch Kids. Nirav was recognized at his school's end-of-the-year celebration walk this week alongside other spellers, athletes and club members. You can watch that walk in the player above. The other West Virginian who will be competing is Charvitha Sanjaya, an 8th grader from John Adams Middle School in Charleston, WV. This is the most commonly misspelled word in West Virginia, data says Nirav and Charvitha will compete in the preliminary round of the spelling bee on Tuesday, May 27. If they move on, they will compete in later rounds on Wednesday and Thursday. You can watch the National Spelling Bee live on Ion Plus here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Time of India
18-05-2025
- Business
- Time of India
UK judge notes 'confidential impediment' in Nirav Modi extradition case
Nirav Modi's bail plea was rejected by a London High Court judge, citing a 'confidential impediment' hindering his extradition to India. Despite arguments about the delay and his health, the judge deemed the risk of Modi absconding too high. The confidential proceedings, possibly related to an asylum application, remain a key factor in the ongoing legal battle. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A London High Court judge who refused Nirav Modi's latest bail application this week has taken note in his judgment of a " confidential impediment " in the long-drawn extradition proceedings against the imprisoned diamantaire wanted in India on fraud and money laundering charges Justice Michael Fordham on Thursday concluded at a Royal Courts of Justice bail hearing that there are substantial grounds for believing that if released on bail, the 54-year-old businessman would "fail to surrender" and his risk of absconding remained Nirav's barrister argued in favour of his bail from London's Thameside prison based on the "long passage of time" without trial, the judge highlighted the constraints of a "confidential" process that prevented his surrender to the Indian authorities even though the legal process related to his extradition had "run its course"."There is a 'legal reason' which relates to 'confidential proceedings'. The nature of this is known to the applicant (Nirav Modi), and his lawyers; it is known to the Home Office, but apart from what I have recorded, nothing is known by the CPS [Crown Prosecution Service] or by the Government of India, nor by this court," Justice Fordham barrister Nicholas Hearn, appearing on behalf of the Indian authorities, confirmed to the court that he "recognises and respects" the fact of the "existing confidential impediment" and the fact of its confidentiality, for "whatever reason it is being kept confidential"."It is appropriate, in the circumstances, that the court should proceed with the same recognition and respect. But the consequence is this: there is, as a result, a significant limitation to what this court can realistically assess, when considering the risks and implications in this case, and for that matter when considering how to characterise the now long passage of time," the judge concluded in his confidential proceedings, alluded to at various previous court hearings linked with Nirav Modi, are believed to refer to an asylum application , but the exact nature of the matter is Nirav has remained in prison in London since his arrest in March 2019 and has made at least seven previous bail attempts, which have all been rejected because he poses a flight Fordham said he considered the legal appropriateness for him to consider the latest bail application "afresh" and with a "clean slate"."I have had close regard to the points which have been made about the human cost of detention. That includes all of the points that have been advanced about physical and mental health, including in terms of deterioration and delays in treatment, and the concerns very properly raised in the clinicians' expert evidence," Justice Fordham's judgment said."I have also taken account of the evidence about assaults and threats and the prospect of coercion... But I am not able to conclude that, when put alongside the other relevant features of the case, they can serve to displace or undermine the assessment which I have described (against bail)," it are three sets of criminal proceedings against Nirav Modi in India - the Central Bureau of Investigation (CBI) case of fraud in the Punjab National Bank (PNB), the Enforcement Directorate (ED) case relating to the alleged laundering of the proceeds of that fraud, and a third set of criminal proceedings involving alleged interference with evidence and witnesses in the CBI April 2021, then UK home secretary, Priti Patel, ordered his extradition to face these charges in the Indian courts after a prima facie case was established against him.
Indian Express
18-05-2025
- Business
- Indian Express
‘Risk of absconding high': UK judge notes ‘confidential impediment' in Nirav Modi extradition case
A London High Court judge who refused Nirav Modi's latest bail application this week has taken note in his judgment of a 'confidential impediment' in the long-drawn extradition proceedings against the imprisoned diamantaire wanted in India on fraud and money laundering charges. Justice Michael Fordham on Thursday concluded at a Royal Courts of Justice bail hearing that there are substantial grounds for believing that if released on bail, the 54-year-old businessman would 'fail to surrender' and his risk of absconding remained high. While Nirav's barrister argued in favour of his bail from London's Thameside prison based on the 'long passage of time' without trial, the judge highlighted the constraints of a 'confidential' process that prevented his surrender to the Indian authorities even though the legal process related to his extradition had 'run its course'. 'There is a 'legal reason' which relates to 'confidential proceedings'. The nature of this is known to the applicant (Nirav Modi), and his lawyers; it is known to the Home Office, but apart from what I have recorded, nothing is known by the CPS [Crown Prosecution Service] or by the Government of India, nor by this court,' Justice Fordham states. CPS barrister Nicholas Hearn, appearing on behalf of the Indian authorities, confirmed to the court that he 'recognises and respects' the fact of the 'existing confidential impediment' and the fact of its confidentiality, for 'whatever reason it is being kept confidential'. 'It is appropriate, in the circumstances, that the court should proceed with the same recognition and respect. But the consequence is this: there is, as a result, a significant limitation to what this court can realistically assess, when considering the risks and implications in this case, and for that matter when considering how to characterise the now long passage of time,' the judge concluded in his ruling. The confidential proceedings, alluded to at various previous court hearings linked with Nirav Modi, are believed to refer to an asylum application, but the exact nature of the matter is unclear. Meanwhile, Nirav has remained in prison in London since his arrest in March 2019 and has made at least seven previous bail attempts, which have all been rejected because he poses a flight risk. Justice Fordham said he considered the legal appropriateness for him to consider the latest bail application 'afresh' and with a 'clean slate'. 'I have had close regard to the points which have been made about the human cost of detention. That includes all of the points that have been advanced about physical and mental health, including in terms of deterioration and delays in treatment, and the concerns very properly raised in the clinicians' expert evidence,' Justice Fordham's judgment said. 'I have also taken account of the evidence about assaults and threats and the prospect of coercion… But I am not able to conclude that, when put alongside the other relevant features of the case, they can serve to displace or undermine the assessment which I have described (against bail),' it said. There are three sets of criminal proceedings against Nirav Modi in India – the Central Bureau of Investigation (CBI) case of fraud in the Punjab National Bank (PNB), the Enforcement Directorate (ED) case relating to the alleged laundering of the proceeds of that fraud, and a third set of criminal proceedings involving alleged interference with evidence and witnesses in the CBI proceedings. In April 2021, then UK home secretary, Priti Patel, ordered his extradition to face these charges in the Indian courts after a prima facie case was established against him.
