Nirav Modi’s sister helps ED to recover over Rs 17 crore
Nirav Modi's sister Purva Modi remitted Rs 17.25 crore to the government account from a UK bank account that her brother had opened in her name. This was after her name was cleared in the PNB fraud case.
The Enforcement Directorate (ED) has recovered Rs 17.25 crore as proceeds of crime from fugitive businessman Nirav Modi with the help of his sister Purva Modi. This was months after Purva Modi and her husband Maiank Mehta’s name was cleared in the Punjab National Bank (PNB) fraud case.
Nirav Modi is the key accused in the Rs 13,500 crore PNB fraud case and is currently lodged in a London prison.
In a statement, the ED said Purva Modi has remitted an amount of $2316889.03 (Rs 17.25 crore approximately) from a UK bank account to the bank account of the Government of India.
Purva Modi and her husband Maiank Mehta were initially mentioned as accused in the case against Nirav Modi. However, on January 4, 2021, a Special PMLA Court pardoned them on the condition that they would make full and true disclosure of aspects related to the Nirav Modi case.
The couple was thus treated as an approver in the case.
