SHOWING RESULTS FOR:
Purvi, 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 at state-owned PNB.
PNB Scam: Singapore High Court orders attachment of properties of fugitive Nirav Modi worth Rs 44 crore
The Singapore High Court ordered the freezing of balance of $ 6.122 million (Rs.44 crores) crore in the bank account maintained in Singapore by Pavilion Point Corporation, British Virgin Island, a company beneficially owned by Mayank Mehta and Purvi Modi brother-in-law and sister of Nirav Modi.
ED officials stated that the Sterling Biotech Limited and its main promoters Nitin Sandesara, Chetan Sandesara and Deepti Sandesara have cheated a consortium of Indian banks to the tunes of Rs 14,000 crores.
Following a Red Corner Notice (RCN) against Nirav Modi, Interpol has now issued an RCN against Mehul Choksi on the request of CBI.
Purvi Modi is accused of laundering the proceeds of the PNB scam, she is a Belgian national.
Choksi, who reportedly had a 'loose alliance' with the Congress, claimed of taking Antiguan citizenship last year
The Modi government has been in relentless pursuit of Nirav Modi
First charge-sheet also names CEO of Allahabad Bank, Usha Ananthasubramanian, former head of PNB.
Rajan spoke out for the first time on the recent issues in banking sector
The Nirav Modi scam rocked the nation in February 2018 and amounted to Rs. 11,000 crores worth