Did You Know These 6 Bollywood Stars Aren't Indian Citizens?

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Nirav Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, also left the country on same day. However, whether they travelled together has to be probed, they said.

Nirav Modi's wife Ami, a US citizen, left on January 6 and his uncle and business partner Mehul Choksi, the promoter of Gitanjali jewellery chain, left on January 4, the officials said.

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The bank became suspicious only on January 16 when the accused companies --Diamond R US, Solar Exports and Stellar Diamonds (all accused in the CBI FIR) -- approached it with import documents and a request to issue Letters of Understanding (LoUs) for raising buyers' credit for making payments to the overseas suppliers.

The bank, however, could not find any past entries in the system, the FIR has alleged.

It approached the CBI on January 29 with a complaint of Rs 280 crore fraud, officials said.

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Nirav Modi, who is believed to be in Switzerland, was also present in a group photograph of Indian CEOs with Prime Minister Narendra Modi, issued by the Press Information Bureau, during the World Economic Forum on January 23, six days before the bank sent its first complaint against him to the CBI, according to the officials.

The agency immediately swung into action registering an FIR on January 31 followed by searches at 20 locations in Mumbai and Surat and issued a look out circular on February 4 against Nirav Modi and three absconding accused, they said.

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A look out circular is issued by enforcement agencies to all exit and entry ports to inform them about the movement of an accused.

Nirav Modi, a regular on the lists of rich and famous Indians since 2013, was booked by the CBI, along with wife, brother and business partner Choksi on January 31, for allegedly cheating the state-run Punjab National Bank to the tune of Rs 280 crore.

The bank again approached the CBI within a fortnight of the first complaint giving details of more transactions which were over Rs 11,400 crore.

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The question why the PNB did not send a complaint to the CBI and decided to give it in tranches is also under the scanner of the agency, they said.

An LoU is a letter of comfort issued by one bank to branches of other banks, based on which foreign branches offer credit to buyers.

The bank has claimed in three complaints to the CBI that so far it has detected 150 LoUs which were fraudulently issued by its officials in connivance with Nirav Modi and the other accused in the case, officials said.

PNB fraud: Nirav Modi, family left India in first week of January01:51

The agency is analysing the fresh complaints and will take a call whether to register fresh FIRs or expand the ambit of the existing FIR related to fraudulent transactions of worth Rs 280 crore, they said.

In these cases, the bank has alleged that the LOUs were issued to Hong Kong based branches of Allahabad and Axis bank, they said.

The PNB has claimed in the complaint that overseas branch of banks used the funds to clear their own liabilities, the officials said.

Nirav Modi case: Fraud started in 2011, we detected on January 3 this year, says PNB MD03:33

During searches conducted by the agency which included the residences of Nirav Modi and the other accused along with companies, the CBI recovered 95 crucial documents related to import bills, they said.

The agency has also seized computers and other digital devices and has completed mirror imaging of computers seized during the searches, the officials said.

1/14PNB fraud case: From Kate Winslet to Priyanka Chopra, celebrities who wore Nirav Modi’s jewellery 
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Indian jeweler Nirav Modi, who rose to fame in a very short span, has been charged with money laundering by the Enforcement Directorate after Punjab National Bank (PNB) reported a fraud scam of around Rs 11,400 crore. Modi, among others, allegedly acquired fraudulent letters from PNB to secure overseas credit from other Indian banks.

Modi debuted in the world of jewellery in 2010 and became a celebrity favourite jeweller. From Kate Winslet and Dakota Johnson to Priyanka Chopra and Jacqueline Fernandez, several actresses have worn Nirav Modi-branded jewellery. Here we take a look at the stars who wore his pieces in style:

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Indian jeweler Nirav Modi, who rose to fame in a very short span, has been charged with money laundering by the Enforcement Directorate after Punjab National Bank (PNB) reported a fraud scam of ar..Read More

>Show Caption  Hide Caption  Priyanka Chopra

Bollywood actress and international sensation Priyanka Chopra became the face of his product. She appeared in an advertisement that also stars Siddharth Malhotra. As the news of Nirav Modi spread like fire, the Quantico star accused the jeweller of non-payment for the commercial. However, the actress has been wearing his exquisite pieces at various platforms.

Pic by: @niravmodijewels/Instagram

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Bollywood actress and international sensation Priyanka Chopra became the face of his product. She appeared in an advertisement that also stars Siddharth Malhotra. As the news of Nirav Modi spread ..Read More

>Show Caption  Hide Caption  Lisa Haydon

Supermodel and actress Lisa Haydon is also a face of Nirav Modi jewels. The actress also loved his collection and wore pieces from it on many occasions.

Pic by: @niravmodijewels/Instagram

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Supermodel and actress Lisa Haydon is also a face of Nirav Modi jewels. The actress also loved his collection and wore pieces from it on many occasions.

Pic by: @niravmodijewels..Read More

>Show Caption  Hide Caption  Anushka Sharma

Mrs Kohli is the present hot property of Bollywood. After her high profile wedding with Indian skipper Virat Kohli, the actress is back on the sets for her upcoming film, Zero. Anushka recently wore Nirav Modi Celestial earrings and Brocade ring at an award function.

Pic by: @niravmodijewels/Instagram

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Mrs Kohli is the present hot property of Bollywood. After her high profile wedding with Indian skipper Virat Kohli, the actress is back on the sets for her upcoming film, Zero. Anushka recently wo..Read More

>Show Caption  Hide Caption  Mira Kapoor

Bollywood star Shahid Kapoor’s wife Mira Kapoor also has donned Nirav Modi at many events. She also chose to wear Nirav Modi jewellery at her wedding reception held in Mumbai, and we must say she looked breathtaking.

Pic by: @niravmodijewels/Instagram

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Bollywood star Shahid Kapoor’s wife Mira Kapoor also has donned Nirav Modi at many events. She also chose to wear Nirav Modi jewellery at her wedding reception held in Mumbai, and we must say she ..Read More

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Source : http://bangaloremirror.indiatimes.com/news/india/news/india/pnb-scam-punjab-national-bank-hands-over-to-cbi-list-of-150-fraudulent-lous-issued-to-nirav-modi/articleshow/62935505.cms

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