Purvi Mehta, the PNB fraud that has accused Nirav Modi’s sister, has taken to the Fugitive Economic Offenders (FEO) Special Court here to seek direction to the Enforcement Directorate to intervene in the ongoing bankruptcy proceedings against him in the US. Nirav Modi, the main suspect in the Rs 13,000 crore Punjab National Bank (PNB) scam, was declared a fugitive economic criminal in December 2019. He is now imprisoned in a UK prison.
In June 2020, the Special Court for the Prevention of Money Laundering (PMLA) here ordered the confiscation of his property which the emergency department claimed had been purchased using crime measures. Last month, Purvi Mehta approached the FEO law court saying she was accused in bankruptcy proceedings against her brother in a US court. Manashed Mehta said this means that the US court is looking into her property and that its procedures overlap with the procedures related to it in India.
Her request said that the director of foreign affairs should be directed to intervene in the case before the United States court, requesting at least an injunction with respect to the assets relating to it. Moreover, the Palestinian National Office should be directed to liaise with the guardian of US actions to refrain from continuing them to avoid “multiplicity of actions and the possibility of a double risk,” Mehta said. The administration told the FEO Law Court here on Wednesday that it had already submitted the relevant documents to the US court. The Central Agency said the requests to confiscate Nirav Modi’s property, including those of Purvi Mehta and located in the United States, have been submitted to the US court.
The hearing before FEO Act Special Court Judge VC Barde will continue here. Nirav Modi and his uncle Mehul Choksi, owners of prominent jewelry companies, are accused of defrauding PNB, a nationalized bank, worth Rs 13,000 crore by fraudulently obtaining letters of undertaking serving as bank guarantee while taking loans in foreign countries.
The case was approved in January 2021 by Purvi Modi, alias Purvi Mehta (47) and her husband Mayank Mehta on the condition of full and correct disclosure before the court.
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