Nirav Modi’s sister pays 17 crores to probe agency after turning approver

Nirav Modi’s sister Purvi Modi has paid ₹ 17.5 crore from her London bank account to the Enforcement Directorate after she turned approver in the Punjab National Bank fraud case, officials said on Thursday. Purvi Modi and her husband Maiank Mehta were “granted pardon” in the ₹ 13,500 crore bank fraud after the probe agency supported their applications on January 4, officials said. The relief came as she agreed to help the probe agency in their investigation.

“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. As Purvi Modi was allowed tender of pardon on conditions of making full and true disclosure, she remitted an amount of USD 2316889.03 from her UK bank account to the bank account of the government of India, Directorate of Enforcement,” the central probe agency said in a statement. The ED said that it was able to recover the amount due to the cooperation of Purvi Modi. Last month, Nirav Modi, whose extradition to India was ordered in April by UK Home Secretary Priti Patel in the Punjab National Bank (PNB) scam case, lost the first stage of his extradition appeal in the High Court in London.