PNB fraud: Know Nirav Modi - the billionaire jeweller who scammed banks

The billionaire jeweller to the world's rich and famous was doing well for himself. Nirav Modi's troubles, however, grew along with his blinding success

Businessmen in India’s multi-billion dollar diamond industry – it exports cut and polished diamonds worth $35 billion dollars – are known for two things: the extremely low profile they keep and the tight networks they maintain.

Even the biggest players, with offices all over the world and turnovers running into thousands of crores, remain discreet and low-key, rarely giving interviews or appearing in the press.

In this world, mainly populated by Palanpuri Jains, Nirav Modi was a stand-out. He came from a dealer background and became a retailer, not a path followed by many. What is more, he personally became