Flawed: The Rise and Fall of India’s Diamond Mogul Nirav Modi

The definitive, gripping account of a high-stakes corporate scandal that brought India's banking system and an entire luxury diamond empire to its knees.

In early 2018, the spectacular collapse of Nirav Modi’s Firestar Diamonds International—a brand once poised to become India’s very first global luxury house—sent profound shockwaves through the international diamond fraternity and the Indian public sector banking system. Accused of masterminding a staggering US$1.8 billion fraud, Modi’s sudden downfall cast a harsh, unforgiving spotlight on corporate governance and ignited a complex international manhunt.

Through exclusive personal encounters, sharp investigative interviews, and meticulous research, financial journalist Pavan C. Lall expertly unravels the astonishing twists and turns of the Nirav Modi saga. The narrative traces his journey from a quiet, third-generation diamantaire apprenticing in Mumbai under his uncle, Mehul Choksi, to a global tycoon opening high-end boutiques in New York, London, and Hong Kong. Yet behind the flawless façade of red-carpet glamour and elite celebrity endorsements lay a reclusive man whose reckless ambition pushed him past the point of no return. "Flawed" is an arresting, thought-provoking chronicle of a meteoric rise and a dramatic fall from grace, raising urgent questions about corporate greed and how one man's relentless pursuit of success can bring an entire financial system to the brink of collapse.