Diamonds, Debts and a Global Manhunt: The Nirav Modi Case
The piece traces Nirav Modi’s rise from a Mumbai-area diamond heir to a global luxury jeweler, championed by celebrities and expanding to major cities, before detailing the 2018 allegations that he orchestrated a multi-billion-dollar fraud at Punjab National Bank using Letters of Undertaking to borrow abroad. Modi fled to London and has fought extradition to India for years, with his uncle Mehul Choksi also facing charges; the saga has rocked India’s diamond trade and spotlighted accountability for the wealthy in the country.