Courtesy/By: Harshit Sharma | 29 Jun 2019 12:24pm IST

According to the press release by the Enforcement Directorate (ED), the Swiss authorities have frozen Swiss bank accounts of the Indian fugitive diamantaire Nirav Modi and his sister Purvi Modi freezing a sum of Rs. 283.16 crores. The request was made on the grounds that the money deposited in the bank account was illegally siphoned off funds from the Indian banks. The Enforcement Director (ED) confirmed the money as proceeds of a crime. Purvi Modi is also one of the accused along with his brother in the 1300 crore Punjab National Bank Case. The 48-year-old who was arrested on an extradition warrant had been lodged at the at Wandsworth prison in south-west London. Nirav Modi has to appear once every four weeks, his bail plea had been rejected for the 04th time by the U.K. High Court.

Section Editor: Sandeep G | 01 Jul 2019 22:13pm IST


Tags : #NiravModi #International #Fraud

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