Indian billionaire Nirav Modi, the jeweler to the stars, whose jewelry has been worn by some of the world’s most famous Bollywood and Hollywood A-list actors, is seeking political asylum in the United Kingdom following allegations that he defrauded financial institutions in his home country.
According to the Financial Times, the billionaire jeweler disappeared in February after it emerged that he defrauded the Punjab National Bank of $2 billion. Indian police immediately issued a warrant for the billionaire diamond trader’s arrest.
Modi’s eponymous Indian stores have since been shit down and some of his assets including bank accounts and luxury cars have been seized.
In the last 8 years Modi has established an international jewellery brand with stores in London, New York and Hong Kong, selling diamond encrusted necklaces and earrings.
Stars such as Kate Winslet, Rosie Huntington-Whiteley and Naomi Watts, have been seen wearing his products. Bollywood star Priyanka Chopra advertises the brand.