Nirav Modi is currently held at Wandsworth prison in South London and has been there since his arrest in London in March 2019 with connection to the PNB scam..Purvi said she could supply “significant and crucial evidence, information, documentation, and papers, as well as access to bank accounts, assets, companies, and entities that are pertinent to Nirav Modi” because she is Nirav Modi’s sister.
Purvi Modi, the sister of Nirav Modi, who is wanted in the PNB scandal, returned over £17 million to the Indian government on Thursday after being exonerated of criminal charges in exchange for assisting with the $13,000 crore PNB loan fraud case.
Purvi Modi alias Purvi Mehta (47) and her husband Maiank Mehta (47) were designated approvers in the case by a Mumbai court in January, on the condition that they give complete and accurate disclosure. Purvi and Maiank are both British citizens who never participated in the investigation.“On June 24, Purvi Modi notified the Enforcement Directorate that she had learned about one bank account in her name in London, United Kingdom, which was opened at her brother Nirav Modi’s request and that the monies did not belong to her.”
Purvi Modi paid an amount of $23,16,889.03 from her UK bank account to the bank account of the government of India, Directorate of Enforcement, as she was granted tender of pardon on the condition of making full and accurate disclosure, the Enforcement Directorate (ED) said in a statement. With Purvi’s help, the ED was able to recover roughly Rs 17.25 crore from the profits of the crime.
Purvi informed the ED that she would assist it in seizing assets worth 579 crore, including flats in New York and London, as well as deposits in Swiss bank accounts, according to the ED. In 2018, the ED obtained an Interpol arrest warrant for her and filed two charge sheets under the criminal provisions of the Prevention of Money Laundering Act (PMLA) against her.
Purvi claimed in her plea that because of her unique position as Nirav Modi’s sister, she could provide “substantial and important evidence, information, proof, and documents, as well as access to bank accounts, assets, companies, and entities that are relevant to Nirav Modi and his actions/dealings.”
The ED is investigating Nirav Modi, a fugitive diamantaire, and his uncle Mehul Choksi, both of whom are main suspects in the case, as well as others. With the help of bank staff and by obtaining false Letters of Undertaking (LoUs) at the Brady House PNB branch in Mumbai, the duo has committed bank fraud of more than Rs 13,000 crore.