Case against Nirav Modi for diverting diamonds worth ₹890 cr


SUBMITTED BY: Hastalavista

DATE: March 21, 2018, 4:05 a.m.

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  1. The Directorate of Revenue Intelligence has booked jeweller Nirav Modi for alleged diversion of diamonds and pearls worth ₹890 crore by his Special Economic Zone units in Surat. The agency alleged evasion of customs duty of up to ₹52 crore. The agency's probe reportedly found a considerable difference in the declared stock value of goods compared to their actual value.

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