/>
For a better experience, Read this story in our App
close-icon
SENSEX   83,606.46

 -452.44

NIFTY   25,517.05

 -120.75

CRUDEOIL   5,581.00

 -20.00

GOLD   96,050.00

+ 580.00

SILVER   105,461.00

+ 233.00

SENSEX   83,606.46

 -452.44

NIFTY   25,517.05

 -120.75

NIFTY   25,517.05

 -120.75

CRUDEOIL   5,581.00

 -20.00

CRUDEOIL   5,581.00

 -20.00

GOLD   96,050.00

+ 580.00

Businessline Logo
  • Companies
  • Markets
  • Portfolio
  • Opinion
  • Economy
  • Premium
MENU Businessline LogoCLOSEBusinessline Logo
ePaper
STOCKS
    STORIES
      Companies
      • MSME
      Markets
      • Commodities
      • Forex
      • Gold & Silver
      • Stocks
      • Gold rate today
      • Silver rate today
      • Top gainers today
      • Top losers today
      • Nifty 50
      • BSE Sensex
      Portfolio
      • Personal Finance
      • Big Story
      • Derivatives
      • Stock Fundamentals
      • Mutual Funds
      • Day Trading Guide
      Economy
      • Budget 2025
      • Macro Economy
      • Policy
      • Agri Business
      • Logistics
      • World Economic Forum
      Opinion
      • Editorial
      • Columns
      • Quick Take
      • Letters
      • Blogs
      Specials
      • Business Laws
      • Science and Technology
      • Corporate File
      • Auto focus
      • Clean Tech
      • Current Account
      • Flight Plan
      • Pulse
      • Technophile
      • Marketing
      • News
      • Money & Banking
      • BL Explainer
      • Info-tech
      • BL On Campus
      • Data Stories
      • Marketing
      • Video
      • Podcast
      • Package
      • Books
      • Latest News
      • Cartoons
      • Resources
      • Contacts
      • Webinar
      • ePaper

      Get businessline apps on

      Play storeApple store

      Connect with us

      FacebookTwitterInstagramLinkedinYoutubeDrizzleTelegram
      newsletterSubscribe to NewslettersdigitalaccessDigital access to daily edition e-Paper
      Businessline Logo
      PREMIUMBusinessline LogoBusinessline Logo
      • Companies
      • Markets
      • Portfolio
      • Opinion
      • Economy
      • Premium
      STOCKS
        STORIES

          TO ENJOY ADDITIONAL BENEFITS

          STOCKS
            STORIES
              • Home
              • News
                • National
                • Science
                • Sports
                • World
                • Variety
                • Education
                • Real Estate
              • Markets
                • Stocks
                • Forex
                • Commodities
                • Gold & Silver
                • Gold rate today
                • Silver rate today
                • Top gainers today
                • Top losers today
                • Nifty 50
                • BSE Sensex
              • Companies
                • MSME
                • Companies Index
              • Info-tech
                • Computers & Laptops
                • How-To
                • Mobiles & Tablets
                • Other Gadgets
                • Social Media
              • Opinion
                • Editorial
                • Columns
                • Quick Take
                • Letters
                • Blogs
              • Economy
              • Portfolio
              • Specials
              • Logistics
              • Data Stories
              • See All
              • Money & Banking
              • Marketing
              • Video
              • Podcast
              • Today's Paper
              • On Campus
              • Package
              • Books
              • ePaper
              • Subscription
              • Resources
              acess Digital access to daily edition e-Paper Subscribe to Newsletters

              Connect With Us

              • Facebook
              • Twitter
              • Instagram
              • Linkedin
              • Youtube
              • Drizzle
              • Telegram

              Get BusinessLine apps on

              googlePlaystore
              appleStore
              THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
              THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
              1. Home
              2. Package

              PNB Scam. Nirav Modi's links with US firms

              Updated - January 11, 2019 at 04:55 PM.

              In this package

              PNB scam: How a system was gamed
              Deconstructing the PNB scam
              Firestar Diamond’s $3.8-m stash may elude PNB
              File photo of Nirav Modi's Firestar Diamond company in Surat.
              US Bankruptcy Court orders probe into Nirav Modi’s ties with Firestar Diamond
              US Justice Department arm may oversee Nirav Modi firms’ bankruptcy process
               Punjab National Bank, through its counsel, has asked the US court to appoint a fiduciary. File Photo
              How PNB is battling Nirav Modi and his companies in a US bankruptcy court
              Firestar Diamond bankruptcy case: PNB seeks appointment of Chapter 11 trustee
              Nirav Modi
              Lawyers’ fees in Nirav Modi case in the US cross $2.7-million mark in just 3 months
              LoU funds flowed through Nirav Modi’s American entities, reveals US examiner
              Diamonds non-existent or were round-tripped
              Nirav Modi
              How Nirav’s US entities laundered funds from PNB via shadow entities
              Nirav Modi
              How the funds obtained from fraudulent LoUs were used

              Published on August 31, 2018

              THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
              THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
              Businessline Logo
              playstoreapple
              The Hindu Businessline
              About Us Archive Newsletter Rss Feeds
              Contact us
              Newsroom Customer care Advertisement Careers
              News
              Business News Companies News Markets News Economy News Forex News Agri Business News Logistics News Today's News India News Sports News International News Science News
              Group News Sites
              The Hindu BL on Campus Sportstar Business Line இந்து தமிழ் திசை The Hindu Centre Frontline Young World Club The Hindu ePaper Business Line ePaper Crossword + Free Games
              Calculators
              EMI Calculator Home Loan EMI Calculator Car Loan EMI Calculator Personal Loan EMI Calculator Income Tax Calculator Age Calculator Home Loan Interest Rate Fixed Deposit Interest Rate
              Other Products
              STEP Images Classifieds - Print Special Publications eBooks
              Markets
              Share Markets News Gold rate today Silver rate today Nifty 50 BSE Sensex Top Gainers Today Top Losers Today Stock Market Today Gold & Silver News Commodities News Personal Finance News
              Holidays 2025
              Bank Holidays 2025 NSE Holiday 2025 BSE Holiday 2025
              Popular Sections
              Latest Business News Budget 2025 Day trading guide Mutual Funds Specials Portfolio Company Index Webinar
              Popular Stocks
              Adani Share Price Tata Motors Share Price HDFC Bank Share Price SBI Bank Share Price Reliance Share Price ICICI Bank Share Price Adani Ports Share Price Axis Bank Share Price BPCL Share Price Airtel Share Price HUL Share Price L&T Share Price Infosys Share Price TCS Share Price Maruti Suzuki Share Price Tata Steel Share Price Wipro Share Price
              Trending on Businessline
              Stock Market Today Live News RBI MPC June 2025 Highlights Vendata Share Price Live HDFC Bank Share Price Live RBI MPC Meeting April 2025 Highlights Gold Price Today Union Budget 2025 Highlights Find Voter ID Number Online Stock Recommendation Today
              Trending on Group sites
              PBKS Vs RCB Live Score IPL 2025 Explore Frontline Packages Elections 2024 Electoral Bonds Full Data Frontline Current Issue Election 2024 BJP is back to its favourite bogey Politics News FL Interviews Did Periyar call for a genocide of Brahmins?
              Latest News
              • TCS says high inflation will impact wage bills, cost of living, and business operations
              • India’s rare earth magnet push gains traction as conglomerates seek incentive schemes
              • Suryoday Bank introduces upgraded premium banking programme for its emerging affluent customers
              • Rupee declines to its lowest level in 3 months as dollar strengthens on Fed holding rates steady
              • Air India cuts London, Nairobi flights in move to stabilise operations after crash
              • GHR Infra, Lakshmi Infra and Urbanblocks Realty form JV for 63-storey residential project
              • Editorial. Different strokes
              • Pocket
              • Letters to the Editor dated June 19, 2025
              • Dayanidhi Maran alleges that brother Kalanithi got Sun TV shares by fraud
              FacebookTwitterInstagramLinkedinYoutubeDrizzleTelegram
              Privacy Policy Terms & conditions
            • Copyright© 2025, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved.

              BACK TO TOPArrow Icon

              Comments

              Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

              We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

              The Hindu BusinessLine
              Sign into Unlock benefits!
              • Access 10 free stories per month
              • Access to comment on every story
              • Sign up/Manage to our newsletters
              • Get notified by email for early preview to new features, discounts & offers
              Sign in
              Looks like you are already logged in from more than 3 devices!
              To continue logging in, remove at least one device from the below list

              Terms & conditions  |  Institutional Subscriber