Nirav Modi Pnb Scam  

The 48-year-old diamond merchant, Nirav Modi was on Thursday (December 5) declared a fugitive economic offender under Fugitive Economic Offenders Act by a special Prevention of Money Laundering Act ( PMLA) court

According to reports, Nirav Modi, who is accused in the Punjab National Bank fraud and money laundering case, had his bail plea rejected thrice before, the fourth time being by the UK high court in June.

The CBI is conducting raids in 14 separate cases involving Rs 640 crore banking fraud in 50 locations in 12 states across the country. Meanwhile, Singapore Court has ordered freezing of bank deposits of PNB defaulter Nirav Modi's sister and brother-in-law.
 

In an interesting detail available, it is said that no one knows where Nirav Modi is nor there is any information available about his travels.

According to foreign media reports, Choksi got Antiguan citizenship last year to expand his business as the passport of the Caribbean nation provides visa-free travel to 132 countries