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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 to Costco. The D.A. charged that none of the diamonds were sold to Costco, but that instead Modi pa...

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,” Vance said. Interpol had earlier issued a red-corner notice against Nehal on charges of money la...

Nirav Modi's 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 world's biggest diamond companies in Manhattan. Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First...

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 Court indictment. My Office will not allow individuals who have the privilege of soliciting business i...

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 Supreme Court indictment. My Office will not allow individuals who have the privilege of soliciting bu...