Fugitive Nirav Modi’s brother also specializes in fraud, accused of fraud of crores in America

Nihal Modi, the brother of thousands of crores of bank scam accused and fugitive diamond trader Nirav Modi, is also an expert in fraud. In the US, he has been accused of fraud of crores of rupees. He defrauded one of the world’s largest diamond companies through a multilayered scheme worth more than $ 2.6
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Fugitive Nirav Modi’s brother also specializes in fraud, accused of fraud of crores in America

Nihal Modi, the brother of thousands of crores of bank scam accused and fugitive diamond trader Nirav Modi, is also an expert in fraud. In the US, he has been accused of fraud of crores of rupees. He defrauded one of the world’s largest diamond companies through a multilayered scheme worth more than $ 2.6 million, or about Rs 19 crore. On Friday, New York Prosecutor CY Vance announced the charges against Nihal Modi, saying that diamonds are always there, but the scheme of fraud will not always be there. He said that now Nihal Modi will have to face proceedings in the Supreme Court.

Nirav Modi’s brother has been accused in the Supreme Court of ‘major theft in the first degree’ for taking diamonds worth more than $ 2.6 million from the Diamond Wholesale Company of Manhattan. Under New York laws, first-degree felony theft means stealing more than $ 1 million. It provides punishment of up to 25 years if the accused is found guilty. According to the New York Post, however, Modi told the court that he was not guilty, after which he was released without bail.

A video of Nihal Modi in this regard is going viral on social media. In the short video, Modi was seen in the court premises with a man, who may have been his lawyer. During this, when he was asked a question related to the case. In response, he said that “there is nothing like that”.

It is noteworthy that Nihal Modi is wanted in the case of fraud of about Rs 13,500 crores involving Punjab National Bank in India. On India’s appeal, Interpol has also issued a Red Corner Notice against him.