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The latest news and insight on Indian luxury jeweller Nirav Modi
- The fugitive Indian billionaire founded Firestar Diamond, then the Nirav Modi jewellery brand – but now he’s in custody in London as his assets have been auctioned off
- Saffronart held two auctions of his bling, including a Jaeger-LeCoultre limited edition watch and paintings by famous Indian artists Amrita Sher-Gil and MF Husain
The jeweller is wanted for allegedly defrauding an Indian bank of US$2 billion, but his lawyers argued that being sent home would worsen his suicidal feelings.
Jewellery magnate Mehul Choksi’s recent arrest in the Caribbean – while reportedly attempting to flee to communist Cuba – has once again spotlighted the issues India faces trying to extradite suspects from abroad.
Nirav Modi once made jewellery for Kate Winslet to wear to the Oscars; now his fall from grace is being exposed in a new Netflix docuseries
Up for grabs is a limited edition Jaeger-LeCoultre watch, numerous luxury purses and jewellery, a Rolls-Royce and artwork by the likes of MF Husain
The Punjab National Bank scandal is likely to cost the lender some US$2 billion. Sale of assets seized from the alleged perpetrators including diamond designer Nirav Modi, starting this month, suggests a long road to recovery.
The former head of Nissan has fled to Lebanon, saying he refuses to be ‘held hostage by a rigged Japanese justice system’, while Malaysia is still trying to bring in the alleged 1MDB mastermind.
Spare a thought for Paul Alfonso. Rich and in love, he bought two diamonds in Hong Kong from the master jeweller suspected of the biggest bank fraud in Indian history. After all, he thought: this was Nirav, what could go wrong...
Authorities say they taken hold of some US$87 million worth of property, overseas bank accounts and diamond-studded jewellery to pile pressure on suspect in ongoing fraud case.
Writ filed at High Court claims billionaire guaranteed loans to two firms in 2011, using US$2 billion in fraudulent guarantees issued by rogue Punjab National Bank staff at a Mumbai branch.
Inquiry into dealings of Nirav Modi’s Firestar and his uncle’s Choksi’s Gitanjali Group sees India’s US$60 billion jewellery industry face limits on credit access
India's first luxury jewellery house Nirav Modi is adding another first-in-India achievement to its growing list.
There's a new jeweller on the block. Nirav Modi is the latest to join the list of high-end jewellers at Elements mall. The brand's first boutique in Asia is meticulously designed, offering an exclusive experience for customers.