Who is Nirav Modi? – The man on the focus of PNB fraud

niravmodi.jpg

Punjab National Bank (PNB) revealed on Wednesday that it detected fraudulent transactions worth Rs 11, 000 crore in a south Mumbai corporate branch, involving firms promoted by jeweller Nirav Modi.Here’s some backgrounder on Nirav Modi.

  • Indian-born diamond jewellery designer Nirav Modi is the founder of the $2.3 billion (revenues) Firestar Diamond.
  • Modi grew up in Belgium, dropped out of Wharton and moved to India where he got trained in the diamond trade under his uncle.
  • He went on to launch his own Nirav Modi brand with 16 stores in locations such as Delhi, Mumbai, New York, Hong Kong, London and Macau.

While his family was in India, the billionaire businessman grew up in Belgium, which is known as the centre for international refined diamond trade. Though he went to Wharton Business School, he dropped out and moved to India to train in the diamond trade under his uncle. Years later, he started the Nirav Modi jewellery brand and is known to have rich clients in the international market. Last year, Bollywood actress Priyanka Chopra was also roped in to be the global ambassador for the Nirav Modi brand.

As per Forbes, Nirav Modi REAL TIME NET WORTH — as of 2/15/18 was $1.73 B

Source: http://indianexpress.com/article/who-is/who-is-nirav-modi-punjab-national-bank-fraud-case-5064606/

 

Economics I understood

Prashant Pandya View All →

I am a full-stack engineer whose passion lies in building great products while enabling others to perform their roles more effectively. I have architect and built horizontally scalable back-ends; distributed RESTful API services; and web-based front-ends with modern, highly interactive Ajax UIs.

I deal with:

Techniques
Web applications
Distributed architecture
Parsers, compilers
Mobile First, Responsive design
Test-driven development

Using technologies :

+ASP.NET,C#,VB.NET,C++,MS SQL,ADO.NET,WCF ,MVC,Web API
+Java, JAX-RS, JavaScript, Node.js
+Ajax, JSON, HTML5, CSS3
+Mac OS X, Linux, Windows
+Android,iOS
+PhoneGap

My Qualities ,I believe :

Self-directed and passionate
Meticulous yet pragmatic
Leadership skills, integrity

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: