Loan money exaggerated, says Nirav Modi in letter to PNB
Valuing his domestic business at around Rs 6,500 crore, Nirav said, "This could have helped reduce/discharge the debt to the banking system," but quickly added that this is not possible as all his bank accounts have been frozen and assets have been sealed or seized.
Nepal PM Oli wants to "update" relations with India
Nepal's new prime minister KP Oli has said he wants to deepen ties with China to explore more options and get more leverage in his dealings with India "in keeping with the times".
PNB fraud: Travel bar on Nirav Modi aides
CBI sources said Ambani, president, finance and corporate development, at Nirav's company Firestar International Pvt Ltd; the firm's chief financial officer (CFO) Ravi Gupta; international finance division president Saurabh Sharma; and senior executive Subhash Parab were called for questioning at its Mumbai office.