Nirav Modi living in Rs 72-crore flat in London, has started new diamond business: Report
London: Fugitive billionaire diamantaire Nirav Modi, accused in the USD 2 billion PNB fraud case, is living openly in a swanky 8-million pound apartment in London's West End and is now involved in a new diamond business, a British daily reported on Saturday.
Modi, 48, is currently living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 pounds a month, The Telegraph reported.
The revelation comes a day after Modi's 30,000 sq ft seaside mansion at Kihim beach in Maharashtra was demolished by authorities using explosives.
Despite his bank accounts being frozen by the Indian authorities and an Interpol red notice being issued for his arrest, Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now involved in a new diamond business based in London, the report said.
In a video posted by the newspaper, Modi can be seen sporting a handle-bar moustache and wearing an Ostrich Hide jacket, estimated to cost 10,000 pounds. When journalists from the paper questioned him on various issues, including whether he has urged Britain to grant him asylum, Modi ducked them by saying, "Sorry, no comments".
A source told the the UK daily that Modi had been given a National Insurance number by the Department for Work and Pensions, meaning he can legally work in Britain, and has used British bank accounts.
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India's historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ
— The Telegraph (@Telegraph) March 8, 2019
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CEO’s Rs 14 lakh Louis Vuitton dog suitcase triggers social media debate
New Delhi: An Indian CEO has triggered widespread debate on social media after reportedly spending Rs 14 lakh on a Louis Vuitton suitcase designed for his dog. Ajay Thakore, CEO of Doctor Multimedia, shared a video on Instagram showcasing the extravagant purchase, which has since drawn mixed reactions.
In the video, Thakore is seen entering a Louis Vuitton store, stating, "I think my dog has something to pick up." He then reveals the "Bone Trunk," a bone-shaped, hard-shell suitcase complete with a varnished wooden tray and two bowls. The video’s caption read, "Aspen's always spending money like there's no tomorrow. $20k Louis Vuitton bone trunk."
The post quickly went viral, with many users expressing shock and disbelief. Some criticized the CEO’s indulgence, questioning the morality of spending such a large sum on a pet accessory when pressing issues like poverty and animal welfare exist. Comments ranged from disbelief to sharp criticism, with one user remarking, "Imagine how far $20k would go at an animal rescue." Others viewed it as a reflection of societal excess, calling it a "grotesque illustration of what's wrong in society."
However, Thakore also found support from some users, who defended his right to spend his wealth as he pleased. One commenter noted the irony of criticism coming from people who indulge in expensive gadgets, writing, "It's funny how many condemn this spending yet think nothing of buying an $800 iPhone without considering charity."
