Much talked Nirav Modi is in news for all the wrong reasons for quite a while now . For many of you who haven’t heard about him , let us take you to his intro . Nirav Modi is a luxury diamond jewellery designer who was ranked 57 in the Forbes list of billionaires in 2017. Modi is the founder and creative director of the Nirav Modi chain of diamond jewellery retail stores.
Recently , there have been a complaint filed before CBI, against billionaire jewellery designer by PNB regarding fraudulent transactions worth over Rs 11,000 crore. Last week, CBI booked Modi, his wife, brothers and partners for cheating PNB of Rs 280.7 crore rupees . Modi, among others, allegedly acquired fraudulent letters from PNB to secure overseas credit from other Indian banks.
While this news was already in talks ,another one came out today which TimesNow tweeted saying, “Priyanka Chopra sues Nirav Modi for not paying her for a diamond advertisement.” . This international sensation became the face of the product . She has reportedly cut off ties with Nirav Modi.
It is also in news that even Siddharth Malhotra who was a co-actor in the ad is reportedly exploring legal options to get out of Nirav Modi’s endorsement deal.
Modi debuted in the world of jewellery in 2010 and became a celebrity favourite jeweller. From Kate Winslet and Dakota Johnson to Priyanka Chopra and Jacqueline Fernandez, several actresses have worn Nirav Modi-branded jewellery.
Well , all we can say is hard time for Mr. Nirav Modi .