A special court on Monday rejected a plea of Purvi Mehta, sister of fugitive diamond trader and PNB scam accused Nirav Modi, seeking a direction to the Enforcement Directorate to intervene in bankruptcy proceedings underway against him in US.
Warrants against Nirav Modi’s sister, brother-in-law to be kept in abeyance : PMLA court
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Warrants against Nirav Modi’s sister, brother-in-law to be kept in abeyance : PMLA court
Rebecca Samervel / TNN / Apr 1, 2021, 21:44 IST
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Nirav Modi is the prime accused in the Punjab National Bank (PNB) scam. (File photo)
MUMBAI: The special Prevention of Money Laundering (Act) court on Thursday said that the non-bailable warrants issued against fugitive Nirav Modi’s Belgium-based sister Purvi Mehta and her husband Maiank Mehta will be kept in abeyance till further orders.
The case will come up for hearing on April 12.
The court had issued non-bailable warrants against the couple in 2018. A red corner notice was also issued against Purvi by the Interpol.
Updated Feb 05, 2021 | 07:01 IST
Nirav Modi, 49, is presently in a London jail after his arrest there in 2019, and the legal process to extradite him to India on money laundering charges is underway. Fugitive diamond trader Nirav Modi. (File photo)
Mumbai: Fugitive diamond trader Nirav Modi s sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants (NBWs) against them in the Punjab National Bank (PNB) fraud case.
Purvi Modi, Nirav Modi s younger sister, is a Belgian national while her husband Maiank Mehta is a British citizen.
Both were earlier named as accused in the case, but last month the PMLA court here accepted their plea for turning approver (prosecution witness) in the case and getting pardon.
Nirav Modi had defrauded PNB of Rs 13,000 crore through forged letters of undertaking. (File photo)
MUMBAI: In a significant fallout of diamantaire Nirav Modi s sister Purvi and her husband Maiank Mehta turning approvers, the Enforcement Directorate (ED) will be able to recover Rs 580 crore through auction of their attached properties and money lying in their bank accounts without any legal hassle, sources said.
The duo turning witnesses against Nirav bolsters the ED case against the diamantaire, who along with his uncle Mehul Choksi, defrauded Punjab National Bank (PNB) of Rs 13,000 crore through forged letters of undertaking, in connivance with the bank officials. They laundered the defrauded money abroad through large-scale fraudulent imports and exports of jewellery and diamonds.
Nirav Modi s Sister Turns Approver: ED To Recover Huge Assets:- The entire nation woke up to the shocking scam of billionaire jeweler and businessman Nirav Modi who fled from the country after he owes Rs 13,000 crores to the Punjab National Bank and its allies. Nirav Modi is arrested in London after he was spotted in several countries. The Enforcement Directorate (ED) officials are trying their best to extradite Nirav Modi back to the country and the case is currently under process in the London court. Nirav Modi s sister Purvi and her husband Maiank Mehta are said to have turned approvers in this case which is a huge turning point.