Purvi Modi, sister of fugitive diamond dealer Nirav Modi, and her husband Maiank Mehta have become approvers in the PNB bank loan fraud case of over US $ 2 billion. They will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including 2 apartments in New York, 1 each in London and Mumbai and Swiss bank deposits, the agency said Thursday.
The younger sister of the diamond dealer, Purvi Modi, 47, of Belgian nationality, is implicated in the case registered by the Directorate of Enforcement. Her husband Maiank Mehta is a British citizen. “The accused currently residing abroad will be summoned to appear before the court, to this end the public prosecutor will take the necessary measures”, indicates the court order.
The ED had also served a global arrest warrant from Interpol against Purvi Modi in 2018. Its assets, including some Swiss bank deposits, were frozen by the ED. However, she had informed the court that she had “no beneficial interest” in the property seized by the agency under her name.
“Nirav ModiPurvi Deepak Modi’s sister alias Purvi Mehta and her husband Maiank Mehta filed a claim in a special Prevention of Money-Laundering Act (PMLA) court in Mumbai for allowing them to seek pardon under Articles 306 and 307 of the CrPC and are committed to making full and true disclosure of the circumstances and events without concealing any evidence and providing full documents, ”the ED said in a statement.
Earlier this week, a special Money Laundering Prevention Act (PMLA) tribunal in Mumbai accepted the couple’s plea to become an approver in the case.
Nirav Modi, 49, has been held at Wandsworth Prison in southwest London since March 2019 following India’s extradition request. Nirav Modi, his uncle Mehul Choksi and others have been questioned by the Directorate of Enforcement (ED) in the Punjab National Bank (PNB) money laundering case since 2018.
He was declared a fugitive economic offender by a Mumbai PMLA court in December 2019.