Norav Modi, the “jeweller to the stars”, is behind bars after a year-long Interpol-led manhunt led to his arrest in central London on March 19. According to investigations Modi and his co-conspirators, illegally borrowed approximately $US4 billion over a period of seven years by manufacturing sham transactions purportedly to “import” diamonds and other gems into India, from trading hubs. It has been called the “Great Indian Bank Robbery”.
