Nirav Modi’s sister sends Rs 17.25 crore from UK account to Indian govt: ED

Tribune News Service
New Delhi, July 1

The Enforcement Directorate (ED) on Thursday said that PNB bank fraud accused Nirav Modi’s sister Purvi Modi has “remitted” over Rs 17 crore from her bank account in the UK to that of the Indian government.

Officials in the ED said the development came after Purvi and her husband Maiank Mehta were allowed pardon from criminal proceedings in lieu of extending help in the PNB bank fraud case.

Later in an official statement ED said, “On June 24, Purvi Modi intimated Enforcement Directorate that she had received the knowledge of one bank account in London, United Kingdom in her name, which was opened at the behest of her brother Nirav Modi and that the funds did not belong to her.”

It further said, “As Purvi Modi was allowed a tender of pardon on conditions of making full and true disclosure, she remitted an amount of USD 2316889.03 from her UK bank account to the bank account of the Government of India, Directorate of Enforcement.”

The ED informed that with the cooperation of Purvi Modi the agency has been able to recover about Rs 17.25 crore (USD 2316889.03) from the proceeds of crime.

“In Nirav Modi case, in the two prosecution complaints (equivalent to a police chargesheet)  filed by the ED on May 24, 2018 and February 28, 2019 before a special court under Prevention of Money Laundering Act (PMLA) Purvi and Maiank were cited as accused,” the ED said. 

Nirav Modi is presently lodged in a UK jail and has lost his extradition plea to India in connection with the alleged 11,400 crore bank fraud at the Brady House branch of the PNB) in Mumbai.