Swiss Authorities Shock Nirav Modi

June 28, 2019 09:24
Swiss Authorities Shock Nirav Modi

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Swiss Authorities Shock Nirav Modi: Indian businessman Nirav Modi flew away from the country after a Rs 13,000 crore scam with Punjab National Bank. The billionaire businessman was spotted in London after which he was nabbed. Four swiss bank accounts belonging to Nirav Modi and his sister Purvi have been frozen by the officials as a part of the criminal money laundering probe. Rs 283.16 crores have been frozen through these accounts after the Enforcement Directorate requested informing about the fraud committed by Nirav Modi.

The central probe agency is expected to now make a move for the attachment of these bank accounts under the PMLA. CBI and ED who are investigating the case are trying out their best to bring back Nirav Modi to the country. This is named as the biggest fraud till date in the country. 24 names have been listed in the charge sheet under section 45 of PMLA. The names include Nirav Modi, his uncle Mehul Choski, father Deepak Modi, brother Neeshal Modi, sister Purvi Modi, brother-in-law Maiank Mehta along with others.


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Nirav Modi