PNB scam - Latest News Update, Information, Photos & Videos on PNB scam at Lokmat Times

Nirav Modi's sister Purvi Modi has paid ₹ 17.5 crore from her London bank account to the Enforcement Directorate after she turned an approver in the Punjab National Bank fraud case. The Enforcement Directorate (ED) Thursday said it has recovered Rs 17.25 crore from an account in the United Kingdom belonging to Purvi Modi which was opened by fugitive diamond jeweller Nirav Modi.The ED, in a statement, said the money did not belong to Purvi and the account was being operated by Nirav Modi. Modi and his uncle Mehul Choksi are accused of routing transactions of about Rs 13,600 crore through fraudulent Letters of Undertaking (LoUs) of Punjab National Bank (PNB). Both are being investigated under the Prevention of Money Laundering Act (PMLA).Mehul Choksi and his nephew Nirav Modi had left India in the first week of January, 2018, weeks before the bank fraud was exposed. In March 2019, Modi was arrested in the UK and is currently lodged at Wandsworth prison in London. So far, the ED has seized assets worth Rs 2,400 crore belonging to Modi in India and abroad. Earlier this week, Modi moved the UK high court for an oral hearing with a renewed “leave to appeal” application for a judge to determine if it can proceed to a full appeal hearing against the extradition ordered by a lower court. In April, the UK government approved the extradition of Modi to India following a UK court’s February order that ordered Modi’s extradition holding that the evidence against him was prima facie sufficient to order his extradition to India, to face charges. Mehul Choksi was recently detained in Dominica for illegal entry after what he described as an "abduction attempt". He had been staying in neighbouring Antigua and Barbuda since 2018.

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Pnb scam, Latest News

National :Mehul Choksi Is a Cancer Patient, Will File Appeal, Says Lawyer Vijay Aggarwal

The lawyer of Mehul Choksi, fugitive diamond trader, booked in the Punjab National Bank (PNB) fraud case, said that ... ...

Maharashtra :PMLA court grants bail to Nirav Modi's close aide in PNB scam case

A special PMLA court granted bail to Subash Parab, a close aide of fugitive diamond merchant Nirav Modi, in ... ...

International :PNB scam: Fugitive businessmen Nirav Modi to be extradited to India after losing appeal in UK court

The High Court in London on Wednesday rejected the appeal of fugitive diamond merchant Nirav Modi and ordered his ... ...

International :Nirav Modi's sister Purvi, remits Rs 17.25 crore after turning approver in PNB scam

Nirav Modi's sister Purvi Modi has paid ₹ 17.5 crore from her London bank account to the Enforcement Directorate ... ...