Monday, August 2, 2021
DSGMC 728

400 August

Pension 1500 gif

Shaheed 50 lakh gif

Kisan Karza 5.64 lakh gif

Kisan 48 hours gif

Ashirwad 51000 gif

Sohna Markfed

Innocent Admission

Nirav Modi’s sister’s bank account frozen in Singapore

- Advertisement -

New Delhi, July 2, 2019-

In a blow to fugitive diamond jeweller Nirav Modi, the Enforcement Directorate on Tuesday said the Singapore High Court has ordered freezing of a bank account of Rs 44 crore related to his sister Purvi Modi and her husband Maiank Mehta.

A senior ED official told: “The Singapore High Court has ordered the freezing of the balance of $6.122 million (Rs 44.41 crore) in the bank account maintained in Singapore by Pavilion Point Corp, British Virgin Island, a company beneficially owned by Maiank Mehta and Purvi Modi on our request.”

The ED, which is investigating Nirav Modi in the Punjab National Bank fraud case, said it believed that deposits in the bank account were made from proceeds of crime illegally siphoned off by Nirav Modi from the state-run Indian bank.

Nirav Modi is currently in a London jail.

The bank account was attached by the ED under the money laundering act.

Last week, the ED attached four bank accounts of Nirav Modi and Purvi, a Belgian national, with a balance of Rs 283 crore as part of its investigation into the Rs 13,500 crore PNB fraud.

The ED action comes months after it filed a supplementary chargesheet against Nirav Modi’s wife Ami Modi, a US national, for being the beneficiary of alleged purchase of two apartments at Central Park in New York using $30 million of money which her husband allegedly obtained fraudulently from PNB through Letters of Undertaking and Foreign Letters of Credit.

Nirav Modi and his uncle Mehul Choksi are under investigation by both the CBI and ED. Choksi is now believed to be in Antigua.  (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,369FansLike
111,951FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Delhi Police Security

Effective policing is the foundation of internal security – by DC Pathak

An important lesson drawn by India from the ongoing pandemic is that strict crime control and maintenance of law and order are needed to...
Attack on Chinese in Pakistan

Who is behind the attack on Chinese in Pakistan – by Amjad Ayub Mirza

The deadly attack, carried out on July 15, on a coach carrying Chinese engineers to an under-construction tunnel site at the 4300 MW Dasu...
Coexistence

Coexistence, a unifying factor for Indians – by Asad Mirza

For most political parties, sociologists and psephologists what a common Indian on the street thinks matters most. It is an insight into a common...

SPORTS

Health & Fitness

Diabetes Written

This ‘leafy’ solution to diabetes has many takers

Prayagraj (Uttar Pradesh), Aug 1, 2021- There is no qualified research to prove it but people claim that they have benefitted and now swear by it. The leaves of the African bitter leaf tree/plant are said to have helped people reduce their blood sugar levels. Gopal Tiwari, 72, is now popularising the benefits of the leaves by regularly distributing them to...

Gadgets & Tech

error: Content is protected !!