Nirav Modi Saga: NiMo’s Brother Fled With 50kg Gold Jewellery After PNB Bank Fraud
December 19, 2019
Nirav Modi’s US-based stepbrother Nehal “disappeared” with 50kg gold jewellery from a Dubai safe house as soon as he learned that the CBI had registered a cheating case against the diamond trader for defrauding Punjab National Bank (PNB), according to investigators.
The jewellery was stocked for sale through Modi’s retail outlets abroad, said officials.
After the scam broke, Nehal realised that investigating agencies would try to stall the shifting of the jewellery from Dubai. He acted swiftly and moved it to a safer location, sources said. Nehal is based in the US and was associated with Gitanjali Gems, one of Mehul Choksi’s firms.