Fugitive diamond merchant Nirav Modi 'spotted' in New York
Fugitive Nirav Modi is suspected to be staying in New York, most likely staying at a high-end hotel here.
Nirav Modi was seen around the city's Loews Regency hotel. It is suspected that he has been in New York since the third week of March.
IndiaToday.in's investigations in Hong Kong had revealed earlier that Nirav Modi was hiding in Hong Kong, and has already started business there. Reports also say that we was in London for a month.
Earlier this month, Minister of State in the Ministry of External Affairs General (retd) VK Singh informed the Rajya Sabha that the ministry "has sought the provisional arrest of Nirav Deepak Modi". He said the request was made on March 23.
The Punjab National Bank (PNB) had moved a recovery writ in a Hong Kong court against Nirav Modi for an amount over $5 million.
To avoid reoccurrence of such bank frauds, the PNB has floated advertisement looking to hire detectives to track down vanishing defaulters and their hidden assets.