In March 2018, Nirav Modi applied for bankruptcy protection in Manhattan, New York.
17 Facts About Nirav Modi
2.
In June 2018, Nirav Modi was reported to be in the UK where he reportedly applied for political asylum.
3.
Nirav Modi was born in Palanpur, Gujarat, and grew up in Antwerp, Belgium.
4.
Nirav Modi's family has been in the diamond business for several generations.
5.
When he was 19, he and his father Deepak Nirav Modi moved to Mumbai to work in his uncle's business, Mehul Choksi, the head of Gitanjali Group, a retail jewellery company with 4,000 stores in India.
6.
Nirav Modi attended the Wharton School at the University of Pennsylvania but eventually dropped out.
7.
In 2008, a close friend asked Nirav Modi to make a pair of earrings, after which he created the brand.
8.
Nirav Modi launched globally with boutiques in New York City and Hong Kong in 2015, followed by two other boutiques opened in Hong Kong in 2016.
9.
Nirav Modi became well known after he designed his "Golconda Lotus Necklace" with an old, 12-carat, pear-shaped diamond as a centerpiece in 2010.
10.
Union Bank claimed in a writ filed at the High Court on 26 September 2018 that Nirav Modi guaranteed two loans made to Firestone Trading Private on 21 October 2011 and Firestar Diamond on 15 November 2011.
11.
Nirav Modi bought a Rs 900 crore sea-facing property in Mumbai's coveted Samudra Mahal properties with his wife Ami Nirav Modi.
12.
In March 2019, Nirav Modi was reported have been sighted in the UK by The Telegraph.
13.
On 25 February 2021, a UK court allowed the Indian government's request to have Nirav Modi extradited to India as a key accused in the PNB fraud case.
14.
The extradition appeal could take months; while Nirav Modi remains imprisoned at Wandsworth Prison in south-west London.
15.
The October 2021 Pandora Papers showed that his sister, Purvi Nirav Modi, set up an offshore firm just one month before he fled India.
16.
Nirav Modi is married to Ami Modi, they have three children - two daughters and one son.
17.
Nirav Modi ran the "Nirav Modi Scholarship for Excellence", which supported 250 students every year.