Nirav Modi facing a probe in the Rs 11,000 crore Punjab National Bank (PNB) fraud case, is “indirectly” challenging the money laundering case lodged in connection with the scam, the Enforcement Directorate (ED) told the Delhi High Court today.
The submission that Nirav Modi was “indirectly” challenging the case through his company Firestar Diamonds, was made by the ED before a bench of Justices S Muralidhar and I S Mehta.
Additional Solicitor General Sandeep Sethi, representing the ED, said Modi, who has been absconding, was trying to abuse the process of law by moving the plea through his company. Firestar Diamond International Private Ltd, which is named as one of the accused in the money laundering case, has sought an interim stay of the ED proceedings in the matter.
The ED, in its affidavit filed through central government standing counsel Amit Mahajan, has contended that the application for interim orders was “not maintainable” as it was “premature” and “misconceived”.>