Nirav Modi

Nirav Deepak Modi is an Indian businessman, charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018. Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB) and is also being sued in the State of California for US$4.2 million for defrauding Los Angeles entrepreneur, Paul Alfonso, over two custom diamond engagement rings that turned out to be lab diamonds. In March 2018, Modi applied for bankruptcy protection in Manhattan, New York. In June 2018, Modi was reported to be in the UK where he reportedly applied for political asylum in Britain. In June 2019, Swiss authorities have frozen a total of 6 million US dollars present in Nirav Modi's Swiss bank accounts along with the assets.