Nirav Modi likely stuffed up his business in Hong Kong some time before test organizations arrived
India’s most needed diamantaire Nirav Modi may have made a calm exit from his Hong Kong business, archives got to by India Today uncovered.
Nirav Modi’s Firestar International Private Limited which was enrolled as a Non Hong Kong Company educated the Hong Kong specialists through their organization secretary Suresh Kumar Bhutani that their organization had stopped to have Hong Kong as a position of business.
As indicated by ‘The Notice of Cessation of Place of Business’ gotten to by India Today, which was documented on December 12 a year ago yet told to Hong Kong Companies Registry on January 19 this year, Modi’s Firestar International Private Limited has stopped to have its business in Hong Kong.
This is the main organization identified with Nirav Modi which recorded such notice as of late. While other Hong Kong based organizations related with Nirav Modi, for example, Nirav Modi Limited, Nirav Modi HK Limited, Firestar Diamond Limited and Firestar Holding Limited don’t have Nirav Modi either as an executive or as a man with noteworthy control.
This prompts doubt that India’s main gem cheat may have wrapped up his business in Hong Kong and moved his cash to somewhere else a long time before Indian investigative offices could reach there.
Every one of these organizations have a typical Hong Kong address: 21 – 23, 2/F New Henry House, 10 Ice House Street, Central Hong Kong.
While authorities at Hong Kong’s organization registry declined to make a formal remark on this, one authority requested that India Today experience a press explanation issued by the Hong Kong registry which read, “with an end goal to upgrade Hong Kong’s administrative administration for battling tax evasion and fear based oppressor financing, another authorizing administration for trust or organization specialist co-ops (TCSPs) and new prerequisites on the keeping of Significant Controllers Registers by organizations produced results on March 1.”
As indicated by this new request “All Hong Kong organizations (with the exception of recorded organizations) are required to discover and keep up a la mode helpful possession data by method for keeping a Significant Controllers Register. The Register ought to be open for review by law implementation officers upon request” the announcement said.
Unmistakably the new laws embraced by Hong Kong experts would make it intense for individuals to conceal their cash behind shell organizations.
As indicated by reports got to from Hong Kong experts, Bankim Madhu Mehta who holds an Indian international ID and lives in New Jersey, USA is the sole chief of Hong Kong based Firestar Diamond Limited and furthermore holds the situation of executive at Firestar Holdings Limited.
FIRMS WITNESSING RESTRUCTURING
While Nirav Modi keeps on living sequestered from everything, a portion of the remote organizations related with him are seeing rebuilding.
As per records got to by India Today, a French national named Angelina Nguyen who is an executive of Nirav Modi’s Indian organization Firestar International Limited has as of late surrendered from the directorship of UK based Nirav Modi Limited and Hong Kong based Nirav Modi HK Limited.
While 58-year-old Nguyen surrendered from the UK firm on March5, 2018, her renunciation to two Hong Kong based Nirav Modi related organizations was gotten on February 27 this year, demonstrating that the abdications happened days after the news that the bank extortion came up.
Another firm connected with Nirav Modi in France named Nirav Modi Limited documented an application under article R 123-54 with the French experts on March 10 which as indicated by French laws “manages arrangement and terminations of an authority related with the organization who is approved to go into legitimately restricting responsibilities”.
While the subtle elements of this notice is anticipated, it’s adequate to set up another rebuilding in another outside based Nirav Modi organization.
So while mark Nirav Modi may keep on doing business in Hong Kong and somewhere else, the man behind the brand may well be miles away and Indian investigative offices will discover it similarly intense to follow Nirav’s cash as Nirav Modi himself.
(This Story Originating From INDIATODAY)