Nirav Modi

Priyanka Chopra terminates contract with Nirav Modi

Feb 232018

Priyanka Chopra has decided to cut ties with billionaire diamond trader Nirav Modi’s brand following the news about the alleged banking fraud carried out by him

Priyanka Chopra

Priyanka Chopra has decided to cut ties with billionaire diamond trader Nirav Modi’s brand following the news about the alleged banking fraud carried out by him. “In the light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand,” a spokesperson of Priyanka, who was the global brand ambassador for Nirav Modi, said in a statement issued on Friday.

As the news about the multi-crore scam involving Nirav Modi came to light earlier this month, a statement from the actress read that she was seeking legal opinion on her contract. There were also speculations that she is suing the brand for non-payment of dues. But her spokesperson denied this.

The termination news comes in the wake of after actresses Kangana Ranaut and Bipasha Basu accusing Mehul Choksi-owned Gitanjali Group of breaching the contracts with them and not paying their dues.

Nirav Modi and his uncle Mehul Choksi, along with the directors of the Nirav Modi and Gitanjali groups, are under investigation by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for an alleged Rs 11,300 crore fraud on Punjab National Bank through illegal use of Letters of Undertaking and Foreign Letters of Credit to raise and rollover money.

Both Nirav Modi and Choksi are said to have left the country, along with their family members, in early January.

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Priyanka Chopra allegedly sues fraudster Nirav Modi

Celebrities

Feb 152018

Bollywood is facing is yet another scandal. This time famous Diamond czar Nirav Modi has been caught doing fraudulent transactions

priyanka chopra

Bollywood is facing is yet another scandal. This time famous Diamond czar Nirav Modi has been caught doing fraudulent transactions. The jewellery designer had several trysts with Bollywood celebrities and these allegations have opened a pandora’s box. Just as it hit the headlines that Sidharth Malhotra, who had endorsed the celebrity designer’s jewellery brand, has cut all ties with him, Priyanka Chopra has supposedly sued Nirav Modi.

According to a report in Economic Times actor Priyanka Chopra, the global brand ambassador of Nirav Modi diamond jewellery house, sued the designer’s company for defrauding her and not paying her for an ad campaign. Within a span of a decade, and emerging out of nowhere, the Wharton dropout created a brand that became eponymous with Bollywood and Hollywood glitterati. His pieces range from Rs 5 lakh to Rs 50 crore and have found a permanent place across celebrity collarbones causing both awe and admiration among his peers. For a man who has built a billion dollar enterprise, diamonds are in his DNA. His father also a diamond jeweller migrated to Antwerp Belgium but Modi returned to Mumbai to learn the trade from maternal uncle Mehul Choksi, who like Modi, have also faced allegations of fraud.

ALSO READ: Sidharth Malhotra Is Looking To Terminate His Deal With Nirav Modi

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