Top Headlines

Belgian authorities freeze two bank accts of Nirav Modi cos; on urge of Enforcement Directorate

ED suspects that the bank accounts could have been possibly used by Nirav Modi to manage the huge funds lying with him from the alleged bank fraud of Rs 12,684.92 crore

Some headway in the case of multi-crore PNB scam as the Belgium has now confirmed having frozen two bank accounts of absconding businessman Nirav Modi companies.

The Belgian authorities have acted on the urge of Enforcement Directorate.

The ED suspects that the bank accounts could have been possibly used by Nirav Modi to manage the huge funds lying with him from the alleged bank fraud of Rs 12,684.92 crore.

It is not certain however, how far this would help the government make the water tight case against the diamantaire Nirav Modi.

It may be recalled that ED itself has carried out searches in over 255 premises across the country and Rs 71 crore in his bank accounts has also been frozen.

The central government sources said the Ministry of External Affairs is also working hard to lay their hands on Nirav Modi and have already sent Letter Rogatory to seven countries including the US, UK, Singapore, UAE, South Africa, Belgium and Hong Kong.

Modi, along with his family, is believed to have left the country in January first week, weeks before the scam was reported to the Central Bureau of Investigation (CBI), which is investigating criminal misconduct in the case.

ED recently also arrested Modi’s Firestar Group vice-president Shyam Sunder Wadhwa.

Summary
Review Date
Reviewed Item
Belgian authorities freeze two bank accts of Nirav Modi cos; on urge of Enforcement Directorate
Author Rating
51star1star1star1star1star
Tags

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.