Singapore High Court orders freezing of bank accounts of Nirav Modi's sister, brother-in-law

ANI
New Delhi, Delhi, India Published: Jul 02, 2019, 03:17 PM(IST)

File photo of Nirav Modi. Photograph:( ANI )

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This comes days after Swiss authorities froze four accounts belonging to Nirav Modi and his sister Purvi.

The Singapore High Court on Tuesday ordered the freezing of a bank account belonging to fugitive diamantaire Nirav Modi's sister and brother-in-law, the Enforcement Directorate (ED) said.

On the request of the ED, 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.

This comes days after Swiss authorities froze four accounts belonging to Modi and his sister Purvi.

Watch: Noose tightens on Nirav Modi

The bank accounts of the duo having deposit balance of $3,74,11,596 (over Rs 258 crore) and British pound 27,38,136 (over Rs 283 crore) were seized on a plea of the ED under the Prevention of Money Laundering Act, 2002.

The diamantaire was arrested on March 19 by Scotland Yard in connection with the $two billion Punjab National Court (PNB) loan default case.

India is seeking Modi's extradition to make him face the law of the land for allegedly committing economic offences like fraud and money laundering.

Modi is lodged at Wandsworth prison in south-west London. 

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