How fugitive Nirav Modi is only left with Rs 236 in his account?

Fugitive Nirav Modi has only 236 rupees in his account. Nirav Modi fled abroad after stealing around 14,000 crores, but now he is dependent on every dime. Nirav Modi scammed the Punjab National Bank of around Rs 13,540 crore. He is currently imprisoned in the United Kingdom. Even when incarcerated, he manages his costs by taking out loans. According to reports, Nirav had to borrow money to pay a 150,247-pound fine.

According to reports, Nirav Modi’s Firestar Diamond International Pvt Ltd (FIDPL) bank account has just Rs 236 remaining. As unpaid income tax, Kotak Mahindra Bank transferred Rs 2.46 crore from this account to SBI. A portion of the overall debt owed to the Bank of Maharashtra and Union Bank of India was also paid. After all these transactions, Nirav Modi is left with only Rs 236 remaining in the company’s account.

Banks denied court orders

Under the Fugitive Economic Offenders Act, the court appointed the liquidator for Firestar Diamond International Pvt Ltd in the context of Nirav Modi’s scam. The liquidator had demanded that the amount in the company’s bank account be transferred by Punjab National Bank. The court has ordered the money to be transferred by Union Bank of India and Bank of Maharashtra. Unfortunately, neither bank complied with the court’s order.