Queency Jain –
Nirav Modi’s sister Purvi Modi extends help to Enforcement Directorate in the PNB money laundering case by transferring about Rs. 17.25 crore from a United Kingdom bank account to the account of the Indian Government.
Purvi, along with her husband Maiank Mehta was co-accused in the Punjab National Bank money laundering case.
The transfer of money comes after Purvi pleaded pardon and was subsequently allowed pardon under Section 306 and 307 of Code of Criminal Proceedings by a Special Court in Mumbai and agreed to forward all the documents against her brother Nirav Modi thereby disclosing all the events that took place earlier.
Just after Purvi was granted pardon, she told ED that there exists a bank account in her name with a balance of Rs. 17.25 crore which does not belong to her but was opened by her brother Nirav in her name.
In addition to the bank account, ED was informed that there are several properties that are also named against Purvi which in return does not belong to her. The couple, Purvi and Mehta transferred the amount to a bank account and agreed to auction the properties under their name to recover the amount.
Nirav Modi, who is currently in prison in the UK, has defrauded PNB of Rs. 13,000 crore through a forged letter of undertaking by large scale imports and exports of jewellery and diamonds.