Biography & Early Wealth Journey

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Modi also shadily moved the ownership holdings for three companies he used in the fraud –Diamonds R Us, Solar Exports, and Stellar Diamond –so that Modi only appeared to hold less than 1% of the companies. He also used several fake names as directors to distance himself from the companies on the paperwork. Modi and his brother also apparently threatened key witnesses in his case with death.

Punjab National Bank is one of the largest banks in India. It reported fraud at one of its branches. The large-scale scam began in 2011 and occurred at just one of the bank's branches in Mumbai.

Primary Income Streams & Multi-Million Contracts

Modi's stores in India have been closed, his bank accounts, cars, and other assets have been seized. Five executives at his company have been arrested. More than $850,000 worth of gold, diamonds, precious metals, and stone jewelry were seized from Modi and his companies. More than half a dozen luxury cars, including a Rolls Royce Ghost and a Porsche Panamera, were also seized from Modi. Before his arrest, there was a global manhunt underway to locate him.

Modi left India in June 2018 and he was tracked down in March 2019 by the Daily Telegraph and arrested in London, where he'd been renting a home for nearly $21,000 a month. He has been in custody for 14 months in England.

Modi's fall from grace is stunning. Kate Winslet, Naomi Watts, and Rosie Huntington-Whiteley have worn his jewelry. Priyanka Chopra advertised his brand.

Modi's extradition hearing continues.

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