Nirav Modi Case: ED Recovers Rs 17.25 CR from His Sister’s Bank Account In UK

NEW DELHI: The Enforcement Directorate (ED) said on Thursday that they have recovered around 17 crore from fugitive billionaire Nirav Modi’s sister bank account which was operated by him.

Purvi Modi, Nirav Modi’s sister and an approver in the money laundering case against him disclosed to the ED about a UK bank account. The ED stated in a statement that the money did not belong to Purvi and that the account was handled by Nirav Modi.

 Purvi Modi alias Purvi Mehta (47) and her husband Maiank Mehta (47) were made approvers in the case by a Mumbai court in January on the condition that they make complete and accurate disclosure. Purvi and her spouse are British citizens who have never participated in the investigation.

“On June 24, Purvi Modi intimated ED that she had received the knowledge of one bank account in London, United Kingdom in her name, which was opened at the behest of her brother, Nirav Modi and that the funds did not belong to her,” ED said.

As Purvi Modi was allowed tender of pardon on conditions of making full and true disclosure, Purvi Modi remitted an amount of USD 2316889.03 from her UK Bank account to the bank account of Government of India.

“With the cooperation of Purvi Modi, ED was able to recover approx Rs 17.25 Crore (USD 2316889.03) from the proceeds of crime,” ED said.

Modi fled from India in the first week of January 2018, before the PNB scandal was revealed. Modi was arrested in the United Kingdom in March 2019 and is currently being held at Wandsworth Prison in London.

So far, the ED has confiscated Rs 2,400 crore in Modi’s assets in India and overseas.