Nirav Modi's sister Purvi sends over Rs 17 crore to Indian government as she receives pardon in jewellery fraud case
Purvi Modi, sister of alleged fraudulent jewellery tycoon Nirav Modi, has given over Rs 17 crore ($2.4 million) to the Indian government as she is given a pardon from criminal proceedings in return for her help with the case.
In the latest development in the Nirav Modi and Mehul Choksi fraud case at the Punjab National Bank where both jewellers are alleged to have orchestrated one of the largest-scale frauds in Indian banking history, Purvi Modi has ‘remitted’ funds to the Indian government.
Purvi Modi maintains that the money, which was in a bank account in the UK in her name, was not hers and that Nirav Modi had ordered the opening of the account himself, ET Bureau reported. The funds have been labelled as proceeds from fraud.
“On June 24, Purvi Modi intimated Enforcement Directorate that she had received the knowledge of one bank account in London, United Kingdom in her name, which was opened at the behest of her brother Nirav Modi and that the funds did not belong to her,” the Enforcement Directorate said in a statement, the Press Trust of India reported.
Purvi Modi, who was originally implicated in the fraud case herself, has been granted ‘tender of pardon’ in return for full disclosure in the case against her brother and uncle Mehul Choksi.
Indian authorities are taking legal steps to extradite Nirav Modi from the UK and Choksi from Dominica (or Antigua should he be sent back to the country) to India to stand trial for fraud, among other charges. As part of her deal, Purvi Modi will be required to provide information for the trial.
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