Seizure / forfeiture
Nirav Modi: $1.80B moved in 2018
India's largest banking fraud: fraudulent letters of undertaking issued at Punjab National Bank funded overseas credit.
The figure
- Amount1,800,000,000 US dollars
- CategorySeizure / forfeiture
- CorridorMumbai, India → London, United Kingdom
- Distance7.2K km apart
- Year reported2018
- Documentation confidence93/100
What that amount buys
$1.80B is roughly 24 long-range private jets, 4.3K median-priced US homes, or 22.3K years of median US household income.
Nirav Modi is publicly known as jeweller, pnb fraud case. The arc drawn for this entry joins Mumbai and London because those are the places the two sides of the deal are based — it is not the route a wire took through the banking system.
Source
Reported by Wikipedia. Read the source record →