Where is Nirav Modi? A billboard with Indian Bollywood actress Priyanka Chopra promoting the luxury jewellery store Nirav Modi is pictured in New Delhi on February 15, 2018.
Indian investigators on February 15 raided the premises of a billionaire jeweller accused of defrauding one of the country’s biggest banks. Enforcement Directorate (ED) officers searched the Mumbai offices of Nirav Modi after he was accused of cheating state-owned Punjab National Bank (PNB) of 2.8 billion rupees ($43.8 million).
/ AFP PHOTO / Sajjad HUSSAIN (Photo credit should read SAJJAD HUSSAIN/AFP/Getty Images)
The hunt is still on to nab celebrity jeweler Nirav Modi, who is accused by the Punjab National Bank for swindling over Rs. 11,300 crore. Indian authorities do not know where Modi is, but some television channels say the billionaire diamond trader is holed up in a swanky hotel in New York’s Manhattan. Reportedly, he is staying in a suite at JW Marriott’s Essex House, which is close to his Madison Avenue jewelery retail store. Modi is best-known to the international media for clinching Hollywood stars Kate Winslet and Rosie Huntington-Whiteley as his clients. In India, the Nirav Modi brand’s ambassador is Priyanka Chopra.…
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