Sister and brother-in-law of fugitive diamond dealer Nirav Modi has turn into a authorities witness within the two billion greenback Punjab Nationwide Financial institution (PNB) rip-off. Giving this data on Thursday, the Enforcement Directorate (ED) stated that each will assist in seizing property price Rs 579 crore. Within the case of cash laundering within the Punjab Nationwide Financial institution (PNB), the ED is at the moment investigating in opposition to Nirav Modi, his relative Mehul Choksi and others in a jail in London.
Heera businessman’s youthful sister East Modi (47) is a citizen of Belgium, whereas her husband Mayank Mehta is a British citizen. He’s stated to be based mostly overseas and has by no means been concerned within the investigation. East Modi is allegedly an accused within the prison financial institution fraud case and a listening to is happening in opposition to him. On this case, a number of chargesheets have been filed in opposition to him by the Central Bureau of Investigation (CBI) with the Enforcement Directorate.
The ED had earlier confiscated his property together with deposits in Swiss financial institution. He had knowledgeable the court docket that he has little interest in these confiscated properties. “Nirav Modi’s sister East Modi and her husband Mayank Mehta have turn into official witnesses,” the investigating company stated in a press release. They are going to assist in seizing two flats in New York and one flat every in London and Mumbai, deposits in Swiss financial institution accounts and checking account deposits in Mumbai in Nirav Modi financial institution fraud case.
Earlier this week, a particular court docket affiliated to the Prevention of Cash Laundering Act (PMLA) had permitted the plea to turn into an official witness in each the instances.
Additionally learn: Nirav Modi’s remand elevated in Britain, ultimate listening to of extradition case to be held on 7-Eight January