New Delhi: Fugitive diamantaire Nirav Modi, at the centre of Rs 13,600/- crore PNB scam, has declared himself bankrupt but amasses multi-crore assists and properties in form of office and residence premises.
As Indian agencies tighten the noose around bank fraud accused by attaching his assets back home, it has come to light that the absconding jeweller owns many luxurious and swanky apartments and bungalows in US.
According to a report in Indian Express, Indian agencies have turned up the heat and looking to seize his US assets.
Just a small glimpse of his luxurious properties will leave everybody astounded.
A look at his ultra-luxury flats in US
# Luxury apartments Ritz carlton
Modi’s luxury apartment at Ritz Carlton at 50, South Central Park in the US.
This property, sources said, was bought by Modi in September 2017 in an all-cash deal for $25 million.
The agency is also likely to attach another property of Nirav Modi and his wife Ami in the US.
# Nirav Modi’s personal residence New York named Essex House
J.W. Marriott Essex House at 160 Central Park South, which includes both a hotel and 200 apartments.
Apartments are spacious and feature unique layouts
According to Indian Express, the ED is planning to attach Nirav Modi’s personal residence in New York named Essex House located at 160, Central Park South.
It is said that Modi bought this house in 2007 for $5 million through a limited liability company CPRE and on December 29, 2017.
The ultimate beneficiary of this trust is the family of Nirav Modi, sources said.
Newsroompost exclusive documents
Newsroompost has exclusive documents of the US court which shows that three America based firms linked to Nirav Modi have filed petition seeking to be declared bankrupt. Firestar Diamond Inc, Fantasy Inc. and A. Jaffe Inc are the three firms of Indian billionaire diamond trader Nirav Modi in the USA, which have filed the petition for bankruptcy.
Crucial findings against Nirav Modi
Meanwhile, the US bankruptcy examiner has come out with crucial findings against Nirav Modi US based companies. A report by the US bankruptcy examiner John Carney reveals at least three bankrupt companies with links to Nirav Modi.
Who is Nirav Modi?
Nirav Modi and Mehul Choksi are accused in the Rs 14,000 crore fraud that involved companies owned by them raising finance against letters of undertaking issued by the state-owned PNB.
Nirav, his wife Ami (a US citizen), brother Neeshal (a Belgian national) and uncle Choksi, promoter of the Gitanjali Group, fled the country in January, weeks before the scam was reported by PNB. While Nirav Modi is in the UK, Choksi is learnt to be in Antigua and Barbuda.
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