17 other store openings followed across the world. In 2010 he launched a diamond store bearing his name in New Delhi's Defence Colony, followed by one in Mumbai's Kala Ghoda. In 2008, a close friend asked Modi to make a pair of earrings, after which he created the brand. He acquired Frederick Goldman in 2005, and Sandberg & Sikorski and A.Jaffe in 2007 in the USA. In 2002, his company started manufacturing jewellery on a contract basis. Firestar is the exclusive distributor of Rio Tinto’s Argyle pink diamonds in India. Career Īfter moving to India in 1989, and training in all aspects of the diamond trading business, Modi founded Firestar in 1999 (formerly known as Firestone), a diamond sourcing and trading company. While studying, he met his future wife, Ami, the daughter of a diamond businessman Amukuraj Choksey. Modi attended the Wharton School at the University of Pennsylvania but eventually dropped out. When he was 19, he and his father Deepak 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. His family has been in the diamond business for several generations. Nirav Modi was born in Palanpur, Gujarat, and grew up in Antwerp, Belgium. 3 2018 Investigation and Lawsuits (PNB fraud case).In June 2019, Swiss authorities froze a total of US$6 million present in Nirav Modi's Swiss bank accounts along with the assets. In June 2018, Modi was reported to be in the UK where he reportedly applied for political asylum. In March 2018, Modi applied for bankruptcy protection in Manhattan, New York. Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB). Nirav Deepak Modi (born 27 February 1971) is an Indian businessman and fugitive who was charged by Interpol and the government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018. Union Bank of India, Punjab National Bank, Paul Alfonso Interpol, The Judicial Authorities of India, Los Angeles Police Department, New York Police Department, Federal Bureau of Investigation, Royal Canadian Mounted Police
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