Nirav Modi: The billionaire who stole a billion
Business Today

Nirav Modi: The billionaire who stole a billion

Raised in Antwerp, Wharton-dropout Nirav Modi is in the news not for his diamonds and jewellery, or even his art collection, but for the dubious honour of defrauding a nationalised bank of an amount that's within whispering distance of his net worth.
Worth $1.73 billion, Modi allegedly lightened Punjab National Bank's (PNB) balance sheet of $1.77 billion through fraudulent transactions, prompting a CBI and ED investigation. His company, Firestar Diamond, rakes in about $2.3 billion dollars a year in revenue.
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