298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Published
Mar 30, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

ED arrests Firestar Group Vice President Shyam Sunder in Nirav Modi fraud case

Published
Mar 30, 2018

The Vice President of the Firestar Group, Shyam Sunder, has been arrested by the law enforcement agency Enforcement Division (ED) as part of the Nirav Modi fraud case at the Punjab National Bank (PNB).

Shyam Sunder of the Firestar Group has been arrested by the ED - Apex Placements- Facebook


On the night of March 27, Sunder was arrested in Mumbai by the ED marking the first actual arrest in the ongoing case. The two main suspects in the case, diamond tycoons Nirav Modi and his uncle Mehul Choksi, are still abroad since fleeing in January before the case broke. The two have refused to come back to India citing business abroad and concerns over their safety.

The arrest was made as Sunder is part of Firestar International and Firestar Diamond International, two businesses owned by Nirav Modi and part of the group of companies implicated in the fraud case at the PNB that is now reported as totalling 13,500 crore rupees (approximately two billion US dollars). Other companies in the group include Diamond R Us, Solar Exports, and Stellar Diamond as well as the group of companies owned by Choksi. Although it is still unclear exactly how the money was moved around by the various companies, ongoing forensic auditing is expected to clear this up in the near future.

On March 24, the ED seized 36 crore rupees (approximately 5.4 million dollars) worth of asset from Modi’s estate in Mumbai. The ED also carried out searches with the Central Bureau of Investigation (CBI) as part of a probe into the money trail. A total of 251 searches have been carried out so far.

Copyright © 2024 FashionNetwork.com All rights reserved.