Previous Post
Fire Breaks Out at the Iconic Rivoli Cinema in Downtown Cairo
Next Post
Prominent Egyptologist Somers Clarke's House Listed as a Notable Islamic and Coptic Monument

Diamond Merchant and Money Launderer Nirav Modi Suspected to be in Egypt

Is money laundering in fashion?

In a spot of criminal news this fine Thursday afternoon, Diamond merchant, money launderer and wanted fugitive Nirav Modi is suspected to have arrived in Egypt, according to the Times of India.

The owner of Nirav Modi Jewels, a self-proclaimed luxury diamond jewelry house with branches in the US, the UK, Hong Kong, Macau, and India, had been accused of perpetrating a $1.8 billion fraud by Punjab National Bank (PNB).

The state-owned bank reported to India’s Central Bureau of Investigation (CBI), which has been tracking him ever since. He was recently traced to Dubai. but went under the radar, and he’s been suspected to have traveled to Egypt.

Modi was listed on Forbes’ India’s Richest 2017, and Billionaires 2017, but was dropped off the latter in 2018. He’s currently worth $1.8 billion according to Forbes.

Main image from Reuters India


Todays Events
'Tanagra'  @ Art Corner  Zamalek
Exhibitions
Date: 2/16/2019
Time: 7:00pm - 10:00pm
Venue: Art Corner Gallery
Let's Do Brunch @ The Tap East
Bars
Date: 2/16/2019
Time: 2:00pm - 8:00pm
Venue: The Tap East
RECEPTIVE FORMS @ ZAMALEK ART GALLERY
Exhibitions
Date: 2/16/2019
Time: 7:00pm - 10:00pm
Venue: Zamalek Art Gallery
PEOPLE YOU MAY KNOW @ ‎ART TALKS
Exhibitions
Date: 2/16/2019
Time: 6:00pm - 9:00pm
Venue: Art Talks
SPADE OF HEARTS @ THE TAP WEST
Bars
Date: 2/16/2019
Time: 10:00pm - 2:00am
Venue: The Tap West
Murals of El Ezba @ Dawar
Variety
Date: 2/16/2019
Time: 10:00am - 4:00pm
Venue: Dawar
ROZNAMA 7 @ ‎MEDRAR
Competition
Date: 2/16/2019
Time: 5:00pm - 12:0am
Venue: Medrar
REMINISCENCE @ ZAMALEK ART GALLERY
Exhibitions
Date: 2/16/2019
Time: 7:00pm - 10:00pm
Venue: Zamalek Art Gallery