India seizes jeweler's farmhouse, power plant after PNB fraud

MUMBAI (Reuters) – Indian authorities said on Saturday they seized a farmhouse, a solar power plant and land belonging to billionaire jeweler Nirav Modi, at the center of an alleged $1.8 billion fraud against Punjab National Bank that has shaken confidence in state lenders.


Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>