Nirav Modi's sister helps ED recover Rs 17.25 crore from UK account

The  Enforcement Directorate (ED) has recovered Rs 17.25 crore as proceeds of crime from fugitive businessman Nirav Modi with the help of his sister Purva Modi. This was months after Purva Modi and her husband Maiank Mehta’s name was cleared in the PNB fraud case. Nirav Modi is the key accused in the Rs 13,500 crore PNB fraud case and is currently lodged in a London prison. As per the ED statement, “On June 24, Purva Modi intimated the ED that she had received the knowledge of one bank account in London in her name, which was opened at the behest of her brother, Nirav Modi and that the funds did not belong to her.”

In a statement, the ED said Purva Modi has remitted an amount of $2316889.03 (Rs 17.25 crore approximately) from a UK bank account to the bank account of the Government of India. Purva Modi and her husband Maiank Mehta were initially mentioned as accused in the case against Nirav Modi. However, on January 4, 2021, a Special PMLA Court pardoned them on the condition that they would make full and true disclosure of aspects related to the Nirav Modi case.The couple was thus treated as an approver in the case. Since Purvi Modi had been granted tender of pardon on conditions of making full and true disclosure, she remitted an amount of $2316889.03 from her UK bank account to the bank account of the Government of India, the statement said.