Nirav Modi's Brother Charged In New York Of Stealing $1 Million Diamonds

Nehal Modi, a brother of PNB fraud-accused jeweller Nirav Modi and also wanted by the CBI in the same case, has been charged in the US of defrauding a company of over $1 million worth in diamonds. Mr Modi allegedly made "false representations" to obtain more than $2.6 million worth of the gems from LLD Diamonds USA on favorable credit terms and consignment, and then liquidated them for his own ends, according to a December 18 statement from the office of the Manhattan District Attorney, Cy Vance Junior.

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