Nirav Modi’s bank fraud fueled by FedEx’d gems: Report

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The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a US bankruptcy examiner.
Read more at Hindustan Times.

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