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Fugitive Indian diamantaire Nirav Modi arrested in London after court denies bail

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United Kingdom: Fugitive diamantaire Nirav Modi was on Wednesday arrested in London in connection with a Rs 13,500 crore Punjab National Bank (PNB) loan default case, official sources here said.

Fourteen months after he fled India, fugitive diamantaire Nirav Modi was on Wednesday arrested in London on charges of defrauding on a huge loan taken from the Punjab National Bank (PNB), official sources said.

Police in London made the arrest seven days after the London Westminster Court issued an arrest warrant against Nirav Modi who fled India in a month before the scam came to light in 2018.

 

Nirav Modi, Nirav Modi arrested, Diamantaire, PNB loan case, PNB case, Indian Businessman, Punjab National Bank, London, United Kingdom, Great Britain, World news

 

Police made the arrest seven days after the London Westminster Court issued an arrest warrant against Nirav Modi who left India days before the scam came to light in January 2018.

He will be produced before a court later in the day.

The Interpol had issued a Red Corner Notice against Nirav Modi in July 2018 at the request of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).

The businessman’s whereabouts were a mystery as he had been spotted in New York, Hong Kong and other cities. Along with his uncle Mehul Choksi of Gitanjali Group, Nirav Modi left the country before the CBI formally started investigating the PNB scam.

 

Hiding in London, fugitive Indian diamantaire Nirav Modi arrested after court denies bail:

 

The ED had on May 24 and 26 last year filed chargesheets against both men. Non-bailable warrants were also issued against them.

The development came days after the The Telegraph newspaper in Britain claimed that Modi was spotted in London.

Accused in the Rs 13,500 crore PNB fraud case, Nirav Modi was living in a three-bedroom flat, occupying half the floor of the landmark Centre Point tower block, The Telegraph reported.

 

Nirav Modi, Nirav Modi arrested, Diamantaire, PNB loan case, PNB case, Indian Businessman, Punjab National Bank, London, United Kingdom, Great Britain, World news

 

The report also claimed Nirav Modi was involved in a new diamond business, run from an office in Soho, just a few hundred yards from his apartment. The new business was incorporated in May 2018, it said.

An extradition request against him had been pending before the UK authorities since September last year.

The ED on February 26 attached Rs 147 crore worth of property of Nirav Modi and his associate companies in connection with the PNB case.

 

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Is a happy wife the secret to growing old gracefully?

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Is your wife a cheerful person? If yes, then you are more likely to lead a healthier and longer life as compared to those who have less happy partners, reveals a new study.

The study, published in the journal Psychological Science, suggests that having a happy spouse not only leads to a longer marriage but also a longer and healthier life.

“The data shows that spousal life satisfaction was associated with mortality, regardless of individuals’ socioeconomic and demographic characteristics, or their physical health status,” said study author Olga Stavrova, a researcher at Tilburg University in the Netherlands.
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For the study, the researchers studied about 4,400 US couples, aged over 50.

They observed that spouses’ life satisfaction was an even better predictor of participants’ mortality than participants’ own life satisfaction.

“The findings underscore the role of individuals’ immediate social environment in their health outcomes. Most importantly, it has the potential to extend our understanding of what makes up individuals’ ‘social environment’ by including the personality and well-being of individuals’ close ones,” said Stavrova.

“People who have a happy, active spouse, for example, are likely to have an active lifestyle themselves,” noted Stavrova.
Image result for A happy wife secret to longer, healthier life
The researchers pointed out that a partner’s life satisfaction may have important consequences for health and longevity.

“If your partner is depressed and wants to spend the evening eating chips in front of the TV — that’s how your evening will probably end up looking, as well.”

The study’s findings showed that greater partner life satisfaction was linked to participants’ lower mortality risk.

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