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FLAWED: The Rise and Fall of India’s Diamond Mogul Nirav Modi by Pavan C. Lall published by Hachette India
‘My interactions with the man revealed a most complex character – a creation of multiple cultural settings, the loss of a parent at a young age, and an intense drive to prove a point and make a mark…’ Read about the side of the story so far untold, now laid bare in minute, dramatic detail!
Flawed reveals the twists and turns of one of India’s biggest financial scandals and profiles the man allegedly behind it all. Traces Nirav Modi’s early years and his roots in the business to his association with his uncle Mehul Choksi and the phenomenal success he achieved till his taste for the high life led to circumstances that are any entrepreneur’s worst nightmare.
ABOUT THE BOOK
In early 2018, the implosion of Nirav Modi’s Firestar Diamonds International, on its way to becoming India’s first truly global luxury company, threw the country’s diamond industry, as well as its banking system, into utter disarray.
Allegations against Modi, of defrauding banks to the tune of US$1.8 billion, brought a whole business community under scrutiny and escalated rapidly into an international scandal.
Based on personal encounters, incisive interviews and meticulous research, this riveting narrative exposes the incredible twists and turns of the Nirav Modi story – of a third-generation diamantaire who moved from Belgium to India to apprentice with his uncle, Mehul Choksi, an established diamond merchant with extensive connections; of an astute businessman whose firm grip over an intercontinental supply chain saw his branded jewellery stores dotting not just every Indian metropolis but also marquee locations such as London, New York and Hong Kong; and of a reclusive, inscrutable man with a penchant for the high life that possibly led him to fly too close to the sun.
As the Nirav Modi saga – complete with his arrest on international soil, rejected bail pleas, extradition theatrics and the frenzied pursuit of diamond-trading minutiae by investigative agencies across three nations – continues to make headlines, Flawed recounts in close, compelling detail the rise of a global player and his equally dramatic fall. Arresting and revelatory, it raises indispensable questions about how one man’s drive to succeed at all costs can jeopardize an entire ecosystem.
ABOUT THE AUTHOR
Pavan C. Lall is associate editor at the Business Standard, where he writes about the automotive sector, private equity, real estate, storied conglomerates and more. A winner of the Citi Journalistic Excellence Award 2016, what really drives Pavan is unravelling corporate conspiracies and industry scandals and laying them bare. Born in Kolkata, raised in Texas and presently living in Mumbai, he has also written for Fortune India, the Telegraph, the Dallas Business Journal and other publications.
ADVANCE PRAISE FOR THE BOOK
‘For anyone interested in going beyond the news headlines to understand the personality, the business story and the alleged bank fraud, Flawed provides all the pointers.’
– T.N. Ninan, columnist and former editor, Business Standard
‘An everyman’s forensic analysis of the Nirav Modi episode. Pavan Lall has excelled himself in this attempt to unravel the Nirav Modi conspiracy. Written in lucid style, and meticulously researched, this riveting account decodes step by step the family, community, social and business connections that made it possible to create the Nirav Modi bubble.’ – M.K. Narayanan, former National Security Adviser of India
Category: Non-fiction/Business & Management
Imprint: Hachette India
Page Extent: 240
Price: Rs 399
Rights: Indian Subcontinent, August 2019