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December 23, 2020 A New York grand jury has indicted Nehal Modi (pictured), the former CEO of Samuels Jewelers and Gitanjali USA, with grand larceny for allegedly defrauding diamond company LLD of $2.6 million. According to the statement of facts from Manhattan D.A. Cy Vance Jr., in March 2015, Modi, then head of Noble Titan Holdings, approached the office of LLD—owned by diamond baron Lev Leviev—about buying nearly $800,000 worth of diamonds on credit, claiming that he wanted to sell them...

Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been indicted here on the charge of fraudulently obtaining diamonds worth over $2.6 million from one of the world’s biggest diamond companies in Manhattan. Nehal, 41, faces the charge of grand larceny in the first degree, Manhattan district attorney Cy Vance Jr said in a statement on Friday. “While diamonds may be forever, this flawed scheme was not, and now Modi will face the clarity of a New York Supreme Court indictment,...

Nirav Modis brother Nehal charged with committing USD 2.6  million fraud in New York Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr.said. Share Via Email   |  A+A A- By PTI NEW DELHI: Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over USD 2.6 million from one of the worlds biggest diamond companies in Manha...

NEW YORK: Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over USD 2.6 million from one of the world’s biggest diamond companies in Manhattan. Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. Said. “While diamonds maybe forever, this flawed scheme was not, and now Modi will face the clarity of a New York Supreme Co...

New York, December 20 Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over $2.6 million from one of the world’s biggest diamond companies in Manhattan. Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr said. “While diamonds maybe forever, this flawed scheme was not, and now Modi will face the clarity of a New York Su...

Send Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted in New York for fraudulently obtaining diamonds worth over USD 2.6 million from one of the worlds biggest diamond companies in Manhattan. New York: Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. said. "While diamonds maybe forever, this flawed scheme was not, and now Modi will f...

In March 2015, he approached LLD, claimed that he was pursuing a relationship with Costco Wholesale Corporation and asked the New York-based diamond company to provide several diamonds, worth nearly USD 800,000, to present to Costco for a potential sale. After LLD provided the diamonds, Nehal falsely informed the company that Costco had agreed to purchase them. Subsequently, LLD allowed him to purchase the diamonds on credit, with full payment required within 90 days. He then pawned the diamond...

Source: PTI New York: Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been indicted here for fraudulently obtaining diamonds worth over USD 2.6 million from one of the worlds biggest diamond companies in Manhattan. Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. Said. "While diamonds maybe forever, this flawed scheme was not, and now Modi will face the clarity of a New York Sup...

Nirav Modis brother Nehal charged with committing $2.6-mn fraud in New York Nehal Modi (right) and his lawyer Roger J. Bernstein (Image via Twitter) 3 min read . Updated: 20 Dec 2020, 03:21 PM IST PTI Nehal is accused of making false representations to obtain over $2.6 million worth of diamonds from LLD Diamonds USA on favourable credit terms and consignment, and then liquidated the diamonds for his own ends Share Via Read Full Story New York: Nehal Modi, the younger brother of fugitive diama...

Nirav Modis brother Nehal indicted for diamond fraud worth $2.6 million in New York According to the evidence presented, between March and August 2015, Nehal, a former member of Noble Titan Holdings, made false representations to obtain over $2.6 million worth of diamonds from LLD Diamonds USA (edited) File photo of fugitive diamond merchant Nirav Modi. Facebook image New York: Nehal Modi, the younger brother of fugitive diamanta...