Nirav Modi firms may not have financials to match PNB fraud magnitude: analysis
Photo: Aniruddha Chowdhury/MintMumbai: A Mint analysis of the nine firms where Nirav Modi, the man at the centre of an alleged $1.8 billion fraud, is director, shows that most of them don’t have financials that match the magnitude of the fraud. According to regulatory filings, Modi is on the board of five companies—Jewelry Solutions International Pvt. Ltd, Firestar International Ltd, Firestar Diamond Pvt. Ltd and Firestar International Pvt. Firestar International and Firestar Diamond International Pvt.
Source: Mint February 26, 2018 07:41 UTC
