India’s Central Bureau of Investigation launched a global manhunt for diamond billionaire Nirav Modi, who authorities said allegedly cheated the state-owned Punjab National Bank by using fake bank "letters of understanding" to get loans.
Indian media reported that Modi and his family are hiding in New York or Dubai.
Officials have seized more than half a dozen luxury cars including a Rolls Royce Ghost and a Porsche Panamera from the billionaire and his companies, along with around $873,000 worth of jewelry, gold, diamonds, precious metals and stones.
News Credit: foxnews
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