Indian jeweler Nirav Modi arrested in London: British police

Fugitive billionaire jeweler Nirav Modi is accused of defrauding state-run Punjab National Bank about $2 billion in spurious loans. Above, a protester with a cutout of Modi in New Delhi. (AFP)
Updated 20 March 2019
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Indian jeweler Nirav Modi arrested in London: British police

  • India had asked Britain in August to extradite billionaire jeweler Nirav Modi

LONDON: Diamond tycoon Nirav Modi, whose jewels once adorned stars from Bollywood to Hollywood, was arrested in London Tuesday, more than a year after Indian authorities alleged he was involved in a $1.8 billion bank fraud.
Modi, 48, was detained in central London and remained in custody overnight, the Metropolitan Police Service said. He is due to appear at London's Westminster Magistrates' Court for a bail hearing later Wednesday.
Indian authorities have sought Modi's arrest since February 2018, when they alleged companies he controlled defrauded the state-owned Punjab National Bank by using fake financial documents to get loans to buy and import jewels.
Police in India later raided the homes and offices of Modi and business partner Mehul Choksi, seizing nearly $800 million in jewels and gold. The men are thought to have left India before the alleged fraud was discovered.
Modi denies the allegations and has sought political asylum in the U.K.
In a letter to Punjab National Bank last year, Modi said he owed the institution about 50 billion rupees ($775 million). The $1.8 billion figure cited by the bank resulted in a media frenzy that pressured authorities to quickly search and seize assets from two of his companies, Firestar International and Firestar Diamond International, Modi said.
The son of a diamond merchant, Modi built an international jewelry empire that stretched from India to New York and Hong Kong. Bollywood star Priyanka Chopra became the face of his eponymous brand and Hollywood actress Naomi Watts appeared with Modi at the opening of his first U.S. boutique in 2015.
As recently as 2017, Forbes magazine estimated Modi's wealth at $1.8 billion. But his empire began to crumble after the fraud allegations, and he was removed from the publication's billionaires list in 2018.
Last year, the international police organization Interpol issued a "red notice" seeking Modi's arrest worldwide. His arrest finally came after Britain's Daily Telegraph earlier this month said it had tracked him down to a luxury apartment in London's Centre Point tower, a 34-story building that promotes itself as a "landmark with unparalleled views."


India’s Supreme Court chief justice denies sexually harassing assistant

Updated 20 April 2019
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India’s Supreme Court chief justice denies sexually harassing assistant

  • “This is unbelievable,” Gogoi, India’s most powerful judge said
  • The allegations, dating from October, were carried in full by a number of major Indian online publications

MUMBAI: The chief justice of India’s Supreme Court, Ranjan Gogoi, on Saturday denied allegations that he made unwanted sexual advances toward a junior court assistant who worked in an office at his home and that she was subsequently victimized.
“This is unbelievable,” Gogoi, India’s most powerful judge, told a special hearing of the court he called on Saturday so that the allegations could be addressed. “I should not stoop low even in denying it.”
Gogoi said the events showed that India’s judiciary was under “serious threat” and was being destabilized by a larger conspiracy, without elaborating.
“There is some bigger force behind the woman,” he said.
The allegations, dating from October, were carried in full by a number of major Indian online publications on Saturday.
The 35-year-old woman, whose identity has not been publicly disclosed, wrote a letter to all 22 of the Supreme Court judges along with an affidavit detailing her allegations on Friday.
Those included a series of allegations that the woman and her family were victimized by a series of related actions by the authorities, including the termination of her employment, and the suspension of her husband and his brother, who worked in the Delhi police force.
She also says another brother of her husband’s had his Supreme Court job terminated and she also faced a “false and frivolous” bribery complaint, leading to her arrest and subsequent bail.
“Me and my family’s victimization is a consequence of my not agreeing to the sexual advances made by the Chief Justice of India, Justice Rangan Gogoi,” she said in the letter to the judges.
Justice Arun Mishra, who joined Gogoi on the bench for the special hearing, said the allegations were “wild and baseless.”
The court asked the media to show restraint in covering the case to avoid undermining the reputation and independence of the judiciary, though it decided not to issue a gag order.