Months before PNB scam blew up, Nirav Modi bought property in New York

Nirav Modi's personal residence in New York has long been an apartment at Essex House, located at 160 Central Park South

Three American firms indirectly controlled by Nirav Modi may have used money made from the Punjab National Bank scam to help finalise the purchase of two apartments in New York for the diamond merchant’s wife and family, just months before the scandal became public in India.

These findings, and more, of how Nirav Modi’s operations in the US helped put together the massive Rs 135 billion bank fraud come from a bankruptcy examiner report submitted this week to the United States Bankruptcy Court in the Southern District of New York. 

The three companies in question – Firestar Diamond Inc (FDI), A Jaffe