PNB moves Hong Kong court to recover $5 mn from Nirav Modi
PNB has moved a Hong Kong court against fraud-accused Nirav Modi to reportedly recover an amount of over $5 million (about â¹33 crore). The recovery writ has been filed against Nirav's companies Firestar Diamond and Firestar Diamond International. The bank will also approach the courts of other countries where Nirav Modi and his uncle Mehul Choksi have assets and businesses.