Nirav Modi’s jewellery business files for bankruptcy in US as PNB fraud rises to US$2 billion

February 27, 2018 5:12 PM

MUMBAI (BLOOMBERG) – The international jewellery business that’s part of the empire controlled by Nirav Modi, a billionaire accused of masterminding India’s biggest bank fraud, has filed for bankruptcy in the US just as the Indian lender at the heart of the scam revised up its fraud estimate.

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