Nirav Modi's 3-carat yellow diamond fuelled â¹13,000 cr PNB fraud
A 3-carat yellow diamond shipped four times through Nirav Modi-linked shell companies within five weeks in 2011 played a key role in â¹13,000-crore PNB fraud, a US report claimed. The diamond's actual price was raised from â¹1.2 crore to â¹7.7 crore during the course. The round-tripping practice of diamonds, carried through FedEx between 2011 and 2017, finally totalled $213.8 million.