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Year of reckoning for India Inc: How PNB scam unsettled consumer confidence

Weeks ago, Nirav Modi was spotted having dinner at a London restaurant

Nirav Modi
File photo of Nirav Modi

He came, he saw, he ran away. In other words, that’s how jeweller Nirav Modi ended up after years of positioning himself as a purveyor of progressive, international quality jewellery good enough to sell to the Western world. It was a vision that he almost fulfilled with stores that were launched across London, New York, Hong Kong and Macau as well as Mumbai and New Delhi. If former liquor baron Vijay Mallya and his larger-than-life image was a side-show, then for Modi, it was the smoke and mirrors that distracted everyone from the crux of the issue.  Beyond the pretty ...