Home Current News India seizes $180M in jewels from fugitive diamond merchants

India seizes $180M in jewels from fugitive diamond merchants

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India seizes 0M in jewels from fugitive diamond merchantsIndian authorities have seized diamonds, pearls and silver jewelry worth millions of dollars as part of an investigation of a fugitive diamond merchant who is being held in London while fighting his extradition. The seized valuables worth 13.5 billion rupees ($180 million) had been kept in a logistics company’s warehouse in Hong Kong after being taken there from Dubai in 2018, India’s Enforcement Directorate, which investigates financial crimes, said in a statement late Wednesday. The jewels and gems belonged to Nirav Modi, whose jewels once adorned stars from Bollywood to Hollywood, and his uncle Mehul Choksi, who also fled India and is living in Antigua.

Source: yahoo.com/news