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The Economic Times

Global Business / The Economic Times

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London court orders Nirav Modi to pay Bank of India Rs 100 crore

A London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The judge found Modi liable under a personal guarantee for a loan to his company, rejecting his defenses. Modi, currently in UK custody for a separate fraud case, had acknowledged the crisis jeopardizing his ability to repay dues.

24 Jun 2026 9:21 am