PNB Fraud – The rise and fall of Nirav Modi

In November 2017, Nirav Modi (47) moved into a sprawling corporate office in Lower Parel, Mumbai, to run his global business empire from there. The office was on the 20th floor of a plush building. Even on the first day in the new office, Mr. Modi was seen working with his design team to create the next luxury jewellery.

Nirav had the burning desire and ambition to build a globally known Asian fashion jewellery brand, having boutiques on the high streets of fashion capitals. Till recently, there was no hint or indication that he was involved in a massive ₹11500 crore scam, India’s biggest ever.