14
Wednesday
November 2018
5:49 AM IST
News Headlines
Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        "Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side        3rd T20: Dhawan, Pant take Ind to victory, series win        FC Goa beat Kerala Blasters 3-1 in ISL        One killed, several injured in stabbing attack in Melbourne: Police        Journalists beware: After Bloomberg bots, AI news presenter debuts in China        Harmanpreet Kaur’s record century headlines India’s big win over NZ in opener        Mumbai City end NorthEast United’s unbeaten run        Chelsea beat BATE 1-0 in Europa League        Srikanth enters pre-quarterfinals of China Open        
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International News
Not only banks, Nirav Modi also defrauded individuals with fake diamonds
 
(New Delhi, Oct 08, 2018):Nirav Modi's victims are not limited to banks as there are now cases that show he also defrauded individuals of thousands of dollars.

According to a report in the South China Morning Post, Nirav allegedly sold fake diamond rings to a Canadian national for US$200,000. His loss, the victim Paul Alfonso says, is not limited to money as it also cost him his girlfriend and pushed him into depression.

“This affected the relationship between my ex-fiancée and her family. They think that I went out and bought these fake rings and proposed to her,” the publication quoted Alfonso.

As per the report, Alfonso met Modi a few times in 2012 and developed a respect for him. “In a way, I admired him and I looked up to him.”

Unaware of the financial irregularities cases listed against him, Alfonso, in April this year, mailed Modi asking for a ring at a budget of US$100,000 to propose his girlfriend. He was delivered a 3.2-carat round brilliant diamond cut, D colour, VVS1 – a high-quality grade and colourless stone at US $120,000. Later, he again bought a 2.5 carat oval diamond for US$80,000 from Modi.

Alfonso then used these rings to propose his girlfriend.

However, despite assurances from Modi, he never received any invoice and authenticity certificates. Feeling "uncomfortable", he took the rings to an appraiser and found that the stones were fake.

This case is not the first of it's kind. In February this year, News18 reported that the diamond czar had sold substandard and fake diamonds to many customers.

Citing a diamond expert, the report said Modi's companies also gave fake certificates of jewellery to win customers' trust.


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Lankan parties move SC against Parliament dissolution by Prez Sirisena
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"Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side
One killed, several injured in stabbing attack in Melbourne: Police
Journalists beware: After Bloomberg bots, AI news presenter debuts in China
Russia says it thwarted drone attacks at World Cup
Pak PM Imran Khan wishes Hindu community on Diwali
UK opens up armed forces recruitment to more Indians
US midterms: Key factors that will drive verdict on 21 months of Trumpism
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Supporters of former Sri Lanka PM protest against his sacking in Colombo, burn effigies of President Maithripala Sirisena
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
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KERALA NEWS
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 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
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NATIONAL NEWS
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
 New Delhi, Nov 12 (PTI) What happens when air pollution levels in the national capital are 'severe'
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)
Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son
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