Case against Nirav Modi for diverting diamonds worth â¹890 cr
The Directorate of Revenue Intelligence has booked jeweller Nirav Modi for alleged diversion of diamonds and pearls worth â¹890 crore by his Special Economic Zone units in Surat. The agency alleged evasion of customs duty of up to â¹52 crore. The agency's probe reportedly found a considerable difference in the declared stock value of goods compared to their actual value.