Nirav Modi’s Firestar Diamond Files for Bankruptcy In The US
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Nirav Modi’s company Firestar Diamond Inc. filed for bankruptcy protection in a US Court. In its court papers, the company stated that many buyers were interested to purchase the company.
Between 2011 and 2017, Nirav Modi secured loans worth thousands of crores through Punjab National Bank Mumbai branch through ‘Letter of Undertakings’ from various international credit agencies. After the scam was exposed, in addition to Nirav Modi and his uncle, it is learned that even top officials from PNB were involved in the $2 Billion scam.
Before the scam was exposed, Nirav Modi and his uncle, Mehul Choksi left India. In its court filing, Firestar Diamond Inc. said, “early expression of interest in purchasing some or all of the debtors’ business operations has been strong”. In other words, this means, companies have come forward to purchase Nirav Modi’s Firestar Diamond Inc.
Meanwhile, the CBI and other law enforcement agencies have attached various properties of Nirav Modi as a part of the case. The CBI has already arrested 13 people in this case. Of which, 7 are from the Punjab National Bank and 6 from the Nirav Modi and Mehul Choksi’s companies. Nevertheless, it is really surprising to see US companies coming forward to purchase Firestar Diamond.


Banning liquor at once will do more bad than good – Kamal Hassan
Kamal Haasan Opposes Prohibition In Tamil Nadu
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‘Makkal Needhi Maiam’ founder and Tamil Superstar Kamal Hasan made sensational comments over the idea of ‘immediate’ banning of liquor in the state of Tamil Nadu. The actor-turned-politician, who established the party, is coming out with the party’s modalities.
Addressing the media, Kamal Hassan said, ‘if need to go on searching if you want to go to a post office in Tamil Nadu. Whereas, you can find Tasmac (state-sponsored liquor stores) everywhere. There is a need to change this entire system.’
Kamal Hassan’s clarification on the sale of liquor came at a time when the opposition parties are calling for an ‘immediate’ ban on liquor in the state. In his column to Tamil Magazine ‘Ananda Vikatan’, Kamal Hassan expressed that, ‘it is impossible to make everyone in the society hate liquor. If you intend to completely abolish something with an immediate effect, it will give rise to the mafia. We have already witnessed such kind of events in the past.
Drinking liquor is not like playing gambling. One’s body will not cooperate if they suddenly stop drinking liquor. It should be a gradual process. The parties are coming up with the ‘ban liquor’ slogan to only woo the female voters. I am more worries about liquor shops in and around educational institutions.’
Speaking on sops and free welfare schemes, Kamal said that, we cannot continue promising ‘free’ welfare scheme for a longer time. We need to find alternatives to improve the purchasing power of the people. Improving educational standard is one of the key motives of our party, said Kamal Hassan.
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