Escapee Nirav Modi’s sister sent Rs 17.25 crore from her UK bank account in bank account of Government of India. Enforcement Directorate said on Thursday (July 1).
Purvi Modi asserted he was not aware of the bank account that opened in her name by her brother. And that she educated the investigating agency when she came to know about it.
Purvi Modi alias Purvi Mehta and her husband Maiank Mehta convicted in the PNB scam.
Purvi Modi proclaimed ED that she had received the knowledge of one bank account in London, UK in her name. It opened on request of Nirav Modi, and the funds did not belong to her.
Purvi Modi permitted tender of pardon on basics of making full and true statements. Purvi Modi transmitted an amount of USD 2316889.03 (Rs 17.25 crore) from her UK Bank account.
The ED disclosed that it was able to rescue the amount due to the cooperation of Purvi Modi.
Previous month, Nirav Modi, deportation to India instructed in April by UK Home Secretary Priti Patel in the Punjab National Bank (PNB) scam case, lost the initial stage of his extradition supplication in the High Court in London.
The Westminster Magistrates Court had previously instructed the extradition of Nirav Modi to India. Modi has been in London Jail for the preceding two years and three months.
Previous month, the ED had transmitted attached assets worth Rs 8441.5 crore to a chamber of Public Sector Banks who had lent money to Vijay Mallya, Nirav Modi and his uncle Mehul Choksi.
Mallya, Modi and Choksi have duped the Indian PSBs to the tune of Rs. 22,585.83 crore.
To date, the ED has confiscated assets worth Rs. 18,170.02 crore which included assets worth Rs. 969 crore situated in foreign countries.
As of date, out of total confiscated assets of Rs. 18,170.02 crore under provisions of PMLA, assets worth Rs 329.67 crore have been seized, and assets worth Rs 9041.5 Crore, representing 40% of the total loss to the bank have been delivered to the Public Sector banks.
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