WION Web Team New Delhi, Delhi, India
Jul 06, 2019, 01.59 PM
The Debt Recovery Tribunal (DRT), Pune on Saturday passed an order asking fugitive diamantaire Nirav Modi and his aides to repay an amount to the tune of Rs 7,300 crore with interest to Punjab National Bank.
On the request of the Enforcement Directorate, the high court directed the freezing of balance of $6.122 million (Rs 44.41 crore) in the account maintained in Singapore by Pavilion Point Corporation, a company owned by Mayank Mehta and Purvi Modi, it said.
The request by the probe agency was made on the ground that the money deposited in the account was illegally siphoned off from Indian banks.
The Swiss authorities had frozen four accounts belonging to Modi and his sister Purvi previously.
Nirav Modi was arrested on March 19 by Scotland Yard in connection with the PNB loan default case.
India is seeking Modi's extradition on charges of fraud and money laundering. He is lodged at Wandsworth prison in south-west London.
(With inputs from ANI)
This comes just days after the Singapore High Court on Tuesday ordered the freezing of a bank account belonging to Nirav Modi's sister and brother-in-law.