Fugitive multi-crore banking fraud mastermind and jeweler Nirav Modi is again in news for obvious reasons. But this time he is accused of selling fake diamond rings to a Canadian national worth more than US$200,000. As per the report published in the South China Morning Post, the buyer – Paul Alfonso wasn’t aware of the fraudulent activities of Nirav Modi in India. He bought 2 rings from the diamantaire to propose his girlfriend but his happiness was short-lived as he soon found out that diamonds in the rings are fake.
The report also stated that Alfonso first met Nirav Modi in 2012 at the centennial celebrations for the Beverly Hills Hotel in 2012 and later they became friends. Alfonso is the chief executive of a payment processing company and said that he felt a “good connection” with Modi. “In a way, I admired him and I looked up to him.”
After repeated attempts to get the certificates of the rings, Alfonso’s girlfriend took the rings to an appraiser. His girlfriend soon broke up with him saying:
‘You are a pretty smart guy, how did you let someone scam you out of US$200,000 without making sure the transaction was legitimate?’
The abrupt and unfortunate breakup led Alfonso into depression. He expressed his anguish to Modi in a mail sent on August 13:
“Do you have any idea what kind of pain you’ve cost me and my now ex-fiancée? … You’ve completely ruined such a wonderful occasion for me and her. You’ve ruined my life.”
Alfonso has also sued Modi for US$4.2 million dollars in an unlimited civil lawsuit with the Superior Court of California.