Mumbai: Fugitive Diamond Trader Nirav ModiThe sister of Purvi Modi helped the Enforcement Directorate (ED) recover Rs 17.25 crore in a money laundering case they are probing against her brother.
Purvi had an account linked with him in the UK with a balance of $2,316,889 (Rs 17.25 crore) and transferred the money to the Indian government’s bank account.
Earlier, the ED had named Purvi and her husband Mayank Mehta as accused in the case along with Nirav Modi and others.
Purvi and Mayank had filed an application before the special court in Mumbai to allow them to seek pardon under Sections 306 and 307 of CrPC and to make a true and full disclosure of the circumstances and incidents without concealment of any evidence and against their brother. Promised to provide complete documents. , the main accused in the case. The court has allowed the tender of atonement.
Purvi had informed the ED that Nirav had opened a bank account in his name with a balance amount of Rs 17.25 crore. She informed the ED that the money did not belong to her and later agreed to transfer it to the Indian government.
The ED had named Belgian national Purvi and Irish national Mayank as co-accused. The attached properties were acquired or generated out of proceeds of crime by Nirav Modi in the name of Purvi and several companies, showing him as an owner.
Coup agreed to help the ED in auctioning the attached properties to recover the bank money.
During investigation, the ED found that Purvi has more than a dozen bank accounts and is owned by various companies/trusts abroad. She, along with her husband, submitted before the adjudicating authority, that all the companies, assets and accounts mentioned in the ED’s chargesheet (except Pavilion Point Corporation) belonged to Nirav Modi.
He expressed his willingness to offer all cooperation to return the property to India. The couple told the officials that the money sent through their accounts belonged to Nirav Modi.
Nirav Modi along with his uncle Mehul Choksi defrauded Punjab National Bank (PNB) to the tune of Rs 13,000 crore through forged letters of undertaking (LoUs) in connivance with bank officials.
They laundered fraudulent money abroad through large-scale fraudulent imports and exports of jewelry and diamonds.
Purvi had an account linked with him in the UK with a balance of $2,316,889 (Rs 17.25 crore) and transferred the money to the Indian government’s bank account.
Earlier, the ED had named Purvi and her husband Mayank Mehta as accused in the case along with Nirav Modi and others.
Purvi and Mayank had filed an application before the special court in Mumbai to allow them to seek pardon under Sections 306 and 307 of CrPC and to make a true and full disclosure of the circumstances and incidents without concealment of any evidence and against their brother. Promised to provide complete documents. , the main accused in the case. The court has allowed the tender of atonement.
Purvi had informed the ED that Nirav had opened a bank account in his name with a balance amount of Rs 17.25 crore. She informed the ED that the money did not belong to her and later agreed to transfer it to the Indian government.
The ED had named Belgian national Purvi and Irish national Mayank as co-accused. The attached properties were acquired or generated out of proceeds of crime by Nirav Modi in the name of Purvi and several companies, showing him as an owner.
Coup agreed to help the ED in auctioning the attached properties to recover the bank money.
During investigation, the ED found that Purvi has more than a dozen bank accounts and is owned by various companies/trusts abroad. She, along with her husband, submitted before the adjudicating authority, that all the companies, assets and accounts mentioned in the ED’s chargesheet (except Pavilion Point Corporation) belonged to Nirav Modi.
He expressed his willingness to offer all cooperation to return the property to India. The couple told the officials that the money sent through their accounts belonged to Nirav Modi.
Nirav Modi along with his uncle Mehul Choksi defrauded Punjab National Bank (PNB) to the tune of Rs 13,000 crore through forged letters of undertaking (LoUs) in connivance with bank officials.
They laundered fraudulent money abroad through large-scale fraudulent imports and exports of jewelry and diamonds.
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