The most wanted fugitive, criminal and money launderer, Nirav Modi was arrested yesterday in London. He was arrested, while reportedly trying to open a Bank account in London.
Nirav Deepak Modi is a businessman, who has raised up to create a brand of his own in a HNI product. He became famous after he designed “Golconda Lotus Necklace” in 2010. Speciality of this necklace was that, it was centered with a pear shaped diamond. It was an old and re-polished one, which was sold in 1960s
His streak as a businessman was very impressive. Starting on his own Firestar company in 1999, he was actively involved in Diamond trading, sourcing and distribution. He acquired Frederick Goldman and Sandberg Sikorski in 2005 and 2007 respectively.
His greed to grow his company in less than 5 years has landed him in trouble. His vision to build his business, which could actually take 20 years, made him take few hasty decisions and commit a crime, which is irreversible.
There is no short cut to success. Nirav Modi’s rise and fall clearly shows how a trouble can ensue from greed.