Diamond dealer’s ‘£1.5 billion bank swindle’

A diamond dealer swindled £1.5 billion from a national bank by using insiders and threatening to kill witnesses in an international ‘Ponzi scheme,’ a court heard. Nirav Modi, 49, fled after allegedly taking part in the country’s biggest ever fraud on the state-run Punjab National Bank (PNB). Modi, a jeweller to the stars, was arrested on March 19 last year in Holborn, central London after a Metro bank employee identified him as a fugitive when he tried to open an…