Tuesday, May 18, 2021
Home News Reports Nirav Modi's sister Purvi and her husband turn approver in the PNB scam case....

Nirav Modi’s sister Purvi and her husband turn approver in the PNB scam case. Details

Purvi Modi has agreed to assist in realising and repatriating various assets in India and abroad totalling worth Rs. 579 crores to the government.

In a major development, fugitive diamantaire Nirav Modi’s sister and her husband have decided to turn approver in the Punjab National Bank (PNB) scam case.

According to the reports, Nirav Modi’s sister Purvi Mehta and her husband Maiank Mehta have filed an application before the Special PMLA Court in Mumbai asking the court to seek pardon under Section 306 and 307 of the CrPC.

The two have now decided to turn approver and is expected to assist in the confiscation of two flats in New York, one each in London and Mumbai, bank balances in two Swiss Bank accounts and also another bank account in Mumbai. 

Purvi Mehta, a Belgian national, is an accused in the case registered by the Enforcement Directorate, while Nirav Modi is the prime accused in a $2 billion bank fraud case at state-owned PNB.

Justice VC Barde, the Special Judge for cases under the Prevention of Money Laundering Act (PMLA) has accepted their application on Monday. The “position of the accused (Purvi Modi) in this case after tender of pardon is that she shall be marked as approver”, the court said in its order.

“The accused staying abroad presently shall be directed to present herself before the court, for which purpose the prosecution shall take necessary steps,” the order said.

The husband-wife duo promises to make full disclosures and provide evidence

The husband-wife duo has also submitted an undertaking to make true and full disclosure of the circumstances and events without concealing any evidence and to provide complete documents. Purvi Modi has agreed to assist in realising and repatriating various assets in India and abroad totalling worth Rs. 579 crores to the government.

The approvers have categorically stated that all the companies, properties and accounts mentioned in the prosecution complaints, except Pavillion Point Corporation belong to Nirav Modi. She gave her willingness to offer all cooperation to repatriate the assets to India.

Earlier, the Enforcement Directorate (ED), which is probing the multi-crore PNB scam case, had filed submissions before the Special PMLA court against Purvi Modi, Maiank Mehta and others in the bank fraud case. The investigation under PMLA had revealed that Purvi Modi has a dozen bank accounts and ownership of various companies/trusts abroad.

Nirav Modi is the prime accused in the $2 billion USD PNB scam

Nirav Modi is the prime accused in the USD 2 billion PNB scam. He had fled India after the PNB scam was brought to the light. He had left the country and fled just when PNB had reported a massive 11,300 crore loan fraud by Nirav Modi and his uncle Mehul Choksi.

After evading detection for over a year, he was finally arrested in London on March 20 last year. He had been living in an ultra-luxury apartment in West London. His bail petitions have been repeatedly denied and he has been in a UK jail since.

The other main accused Mehul Choksi, Nirav Modi’s uncle, has taken up the citizenship of Antigua and has been living there. The Indian government is trying for his extradition too. Both Nirav Modi and Choksi’s properties, houses, luxury items and business premises, worth thousands of crores, have been attached by the ED in India.

In June, the ED had recovered several consignments of diamond and luxury pearl jewellery of the duo in Hong Kong and had brought back over 108 consignments of various entities, totalling over Rs 1300 crores.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Congress cries foul as its bombshell ‘toolkit’ stands exposed, threatens to take legal action

AICC Chairman in a Tweet threatened that a case is being filed against BJP leaders JP Nadda and Sambit Patra for forgery.

Latest Congress toolkit: Paint Kumbh as Covid superspreader, and Eid as ‘happy gathering’. Here are the details

From maligning Kumbh to attacking Prime Minister Narendra Modi for the Central Vista project, working with 'friendly' journalists to get 'tailored' articles defaming India and Modi govt, here is what the Congress 'toolkit' asks its social media and PR teams to do.

Charity ‘toolkit’: How Sonu Sood’s foundation sought help from BJP’s Tejasvi Surya but took all the credit himself

Netizens have often raised suspicions that Sonu Sood had been falsely claiming credit for arranging help for Covid-19 patients without having done so.

‘This is your blessing’: INMAS director whose team developed 2-DG drug thanks his physics teacher Rajnath Singh

Dr AK Mishra, the director of INMAS, stated that Raksha Mantri Rajnath Singh was his physics lecturer back in the 1980s.

Rajasthan: Congress leader assaults hospital employee, gets violent after the director could not attend her call

Bina Gupta had called up the private hospital’s director to speak with him as her acquaintance was admitted in his hospital. However, the doctor was on duty and could not attend her call.

Uttar Pradesh: Yogi Adityanath reserves ambulances for women and children in all districts to tackle emergencies

Yogi Adityanath said that the state has been equipping itself to fight the anticipated third wave of Covid-19

Recently Popular

Odisha: Sonu Sood clarifies after Ganjam DM says they had not received any communication from him regarding bed for COVID patient

The Collector and District Magistrate of Ganjam has called out Sonu Sood after the actor claimed to have arranged a bed.

Pakistan based CNN contributor Adeel Raja says world needs another Hitler amidst Israel-Palestine conflict, has history of anti-Semitic tweets

Adeel Raja, freelance contributor at CNN, has said that the world needs a Hitler today amidst the Israel-Palestine conflict.

Vinod Dua’s daughter, who wanted all ‘bhakts’ dead, receives help from a ‘bhakt’ MP while her mother needed critical COVID medicines

BJP supporters lodged their protest about minister chipping in to help the elites in India, when commoners are equally suffering, especially when the elites have not asked for their help.

Haryana: Police rules out communal angle in murder of Mewat youth Asif, two groups are old political rivals. Details

As per police, Asif had beaten up Pradeep's group members 20 days back, and Pradeep decided to avenge the attack.

Assam: Six arrested for disrespecting national flag, accused caught using tricolour as table cloth for Eid feast

An image of Rejina Parvin Sultana, a resident of Assam's Tengnamari village, feasting lunch with her family on the occasion of Eid had gone viral on the internet.

When Vinod Dua spewed venom against PM Modi even when he was hospitalised

Venom-spewing "journalist" Vinod Dua had talked against PM Modi even when he was hospitalized in March 2021
- Advertisement -

 

Connect with us

255,255FansLike
545,505FollowersFollow
24,300SubscribersSubscribe