Who Is Purvi Modi? Nirav Modi's Sister With Assets Worth ₹ 579 Crore

Who Is Purvi Modi: Sister of the fugitive diamond merchant Nirav Modi who is also said to be his close confidant in matters of illegal money laundering, has disclosed her assets along with her husband.

As per the latest updates, Purvi Modi remitted an amount of USD 2316889.03 from the UK bank account to the bank account of the Government of India, Directorate of Enforcement. ED was able to recover approximately Rs 17.25 cr (USD 2316889.0The total worth has been estimated at Rs 579 Crore. This includes her Mumbai flat worth 19.5 crores, two swiss bank accounts with Rs 270 crore, two New York flats worth Rs 220 crore, one London flat worth Rs 62 crore and one bank account in Mumbai worth Rs 1.92 crore. She and her husband made the discloser of their assets in a statement to the Enforcement Directorate.

Here what we know of Purvi Modi:

• She was recently made an approver in her brother Nirav Modi's Punjab National Bank Scam case. This means that she will now cooperate with the authorities in prosecuting Nirav Modi.
• This decision was taken after she appealed to the court that she be pardoned as the investigation agency did not attribute her as a prime accused.
• The Special Court in Mumbai allowed her pardon applications with the condition that she and her husband will make "full and true disclosures". Modi and her husband will join the investigations through video conferencing.
• In 2018, a Red Corner Notice was issued in her name by Interpol's Loyn Office as she was accused of being the third member in Nirav Modi's family to be involved in illegal money transfers to shell companies. Later she submitted a pardon application in a Special Court in Mumbai asking to become an approver in the scam case.
• She is a Belgian national while her husband Maiank Mehta is a British national.
• The investigators of the US called her the point person and "De Facto manager" who was helping Nirav Modi in managing his Hong Kong company. The company, Firestar Holdings Limited (FHL) was an entity used by the Modi to make illegal transactions outside India.
• It was also found that Purvi Modi operated shell companies in British Virgin Island to launder money.
• The US court also said that Purvi Modi was controlling "shadow entities" named Fine Classic and Link High International through which fraudulent investment made in US-based companies.

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