Nirav Modi sold fake diamond rings to Canada national, his engagement now broken: Report

WION Web Team New Delhi, Delhi, India Oct 08, 2018, 12.33 PM(IST)

File photo: Nirav Modi Photograph:( Zee News Network )

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Absconding jeweller Nirav Modi allegedly sold two fake diamond rings to a Canadian man Paul Alfonso for US$200,000 in Hong Kong. 

Nirav Modi's victims are not constrained to Indian banks only as there are currently cases that show he likewise duped people of crores in other countries.

Nirav, who is wanted in a multi-crore fraud at India’s Punjab National Bank, allegedly sold two fake diamond rings to a Canadian man Paul Alfonso for US$200,000 (Rs 1.4 crore) in Hong Kong.

Alfonso, who apparently had no idea about fraud charges on Nirav Modi, purchased the rings to propose to his better half. In any case, their festival was stopped after they discovered that the diamonds were fake, as per a report in the South China Morning Post.

“This affected the relationship between my ex-fiancée and her family. They think that I went out and bought these fake rings and proposed to her,” the South China Morning Post quoted Alfonso.

As per the report, Alfonso met Modi a few times in 2012 and developed a respect for him. “In a way, I admired him and I looked up to him.”

Alfonso says he has suffered from depression since he realised the two diamonds were fake. “After that, I just could not function,” he says. “I realised that even if I go after this guy, there are so many creditors before me who are trying to get compensated.”

This also took a toll on his business, as most of his energy has been focused on seeking justice. “I have dedicated the last few weeks of my life, every single day, trying to figure out how to find this guy and be compensated.”