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Collapse of celebrity diamond dealer
Nirav Modi, an Indian jewelry designer once celebrated for his luxury brand and international success, faces extradition to India amid allegations of involvement in one of the country's largest bank frauds. Authorities accuse him of orchestrating a scheme that defrauded Punjab National Bank of roughly $2 billion through fraudulent financial instruments. Modi has been fighting extradition from London since his arrest in 2019, with legal efforts expected to conclude soon, potentially leading to his return to face trial in India.
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