Nirav Modi exported poor quality diamonds to USA, Hong Kong and Dubai

Nirav Modi exported poor quality diamonds to USA, Hong Kong and Dubai

It is shocking to know that diamantaire Nirav Modi was selling four qualities of jewellery, across the globe The best quality of diamonds was sold only in Nirav Modi's showrooms while the worst (low-end) quality were exported to Hong Kong and Dubai, which again, were re-exported back to India. The Directorate of Revenue Intelligence (DRI), an apex anti-smuggling agency in India whose expertise lies in combating commercial frauds related to international trade and evasion of customs duty, is now once again examining all these crucial findings in a 14,000-page prosecution complaint filed by the Enforcement Directorate (ED) against Nirav Modi and others. "After the examination of these documents and evidence, the DRI is likely to register a fresh new case against Nirav Modi under the Customs Act," a senior DRI official told Indiatoday.in. The DRI was the first investigative agency to raise an alarm against Nirav Modi and his fraudulent activities. In 2014, the . Source

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