Nirav Modi sold fake diamonds to Canadian national, his engagement is now broken
New Delhi : Jeweller Nirav Modi, who is wanted in a multi-crore banking fraud in India, allegedly sold fake diamond rings to a Canadian national that cost him US$200,000, his girlfriend and also pushed him into depression.
According to a report in the South China Morning Post, Paul Alfonso, who had no clue Modi was involved in a US$2 billion fraud at India’s Punjab National Bank, bought two rings from the diamantaire in Hong Kong to propose to his girlfriend. Their celebration was cut short after the duo found out that the diamonds were fake.
According to the report, Alfonso met Nirav Modi in 2012 at the centennial celebrations for the Beverly Hills Hotel in 2012. Months later, they ran into each other in Malibu and dined together. Adding that Modi was giving him “pep talk, kind of an older brother figure,” Alfonso, who is the chief executive of a payment processing company, said he felt a “good connection” with Modi. “In a way, I admired him and I looked up to him.”
A couple of years passed without any communication between the duo. In April this year, Alfonso, utterly unaware of the financial irregularities cases listed against Modi, mailed the diamond jeweller asking for “special” engagement ring at a budget of US$100,000 to propose to his girlfriend. On offer from Modi was a “perfect” 3.2-carat round brilliant diamond cut, D colour, VVS1 – a high-quality grade and colourless stone at US $120,000. “Thank you for thinking of me when you’re making one of the most meaningful purchases in any man’s life,” Modi wrote after Paul Alfonso approved the design.
Alfonso’s girlfriend, however, expressed interest in another ring prompting him to order a second ring – a 2.5 carat oval diamond for US$80,000 from Modi. After Alfonso wired the money for both rings to a Hong Kong account, he received the rings from Modi’s assistant Ari in June. The invoice and authenticity certificates were to be wired soon. Alfonso who was ecstatic with the “absolutely gorgeous” jewellery, proposed to his girlfriend with both rings. The answer was “yes”.
Both Alfonso and his fiancee wanted the rings to be insured, but the certificates had still not arrived. Feeling “uncomfortable,” he wrote to Modi reminding him of the same. Several emails followed, with Modi providing more assurances that the certificates were on their way.
In August, Alfonso was in for a rude shock when his fiancee, who took the rings to an appraiser, found that the stones were fake. “When she told me, I was like ‘That’s impossible. I spent US$200,000 on those rings. There’s no way they are fake. It’s Nirav we are talking about’.”
Another shock followed when he read the news about Modi’s bankrupt companies and loan defaults. “I am usually very careful when I am dealing with a big transaction like this, but again, this is Nirav. I would not imagine him trying to take a few hundred thousand from me when a guy is worth millions of dollars.”
His fiancee broke up with him soon after. “We broke up literally after one or two days … It was just too much for both of us to handle. It does not make sense to her, because she says: ‘You are a pretty smart guy, how did you let someone scam you out of US$200,000 without making sure the transaction was legitimate?’” Alfonso told the South China Morning Post.
Alfonso slipped into depression and said, “after that, I could not function”. In an angry email to Modi on August 13, Alfonso wrote, “Do you have any idea what kind of pain you’ve cost me and my now ex-fiancée? … You’ve completely ruined such a wonderful occasion for me and her. You’ve ruined my life.”
He has now filed an unlimited civil lawsuit against Modi with the Superior Court of California, suing him for US$4.2 million dollars. That includes US$200,000 for the value of the rings, US$1 million for punitive damages and another US$3 million dollars for emotional distress, pain and suffering. The hearing is scheduled for January next year.
Alfonso, however, realises it too well that his case may take years to be resolved. “I realised that even if I go after this guy, there are so many creditors before me who are trying to get compensated.” Still, in disbelief, Alfonso says, “I want people to know that this man can’t be trusted …He doesn’t just steal from banks. He will steal from you too because his fortune has gone up in smoke.”
courtesy : indianexpress.com
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Two held for assaulting policemen over drinking in public
Bengaluru (PTI): Two police personnel on patrolling duty were allegedly abused and assaulted by a group of four youths after being asked not to consume alcohol in a public place, police said on Wednesday.
Two of the accused -- an engineering student and a software engineer, both in their 20s -- have been arrested in the case, they said.
Efforts are being made to nab the other two suspects, who have been identified, police added.
The incident occurred in the early hours of May 1, when the two personnel, attached to Amrutahalli police station, were patrolling on a two-wheeler near Akashavani Layout, they said.
According to police, while patrolling around 3 am, they noticed four youths who had stopped their car on the road and were consuming alcohol. When they were told to leave, as drinking alcohol in a public place is not permitted, one among them suddenly started abusing them.
When the policemen attempted to take out their lathi from the vehicle, the youths allegedly caught hold of them from behind, grabbed and dragged them, and tore one of their uniforms, the FIR stated.
They assaulted them with their hands and with rings worn, causing injuries to their faces. They also kicked them, causing pain, it said.
Thereafter, the accused allegedly snatched the key of their vehicle, pushed them to the ground, and fled the scene in their car at high speed, police said.
The policemen then immediately went to a hospital for treatment and lodged a complaint against four unknown youths, following which an FIR was registered against them under Sections 121(1) (voluntarily causing hurt or grievous hurt to deter a public servant from duty), 132 (assault or criminal force to deter a public servant from discharge of duty), 304 (snatching), and 3(5) (common intention) of the Bharatiya Nyaya Sanhita.
"We have arrested two people in the case and efforts are being made to nab the other two suspects who have been identified," a senior police officer said.
