Nirav Modi’s four Swiss bank accounts worth Rs 283 crore frozen

Nirav Modi’s four Swiss bank accounts worth Rs 283 crore frozen


Swiss authorities have frozen a total of 6 million US dollars present in Nirav Modi's Swiss bank accounts along with the assets.

His sister Purvi Modi’s accounts have also frozen by Swiss authorities. The action of Swiss authorities was based on the request of Enforcement Directorate.

Four Swiss bank accounts of fugitive Nirav Modi and his sister Purvi Modi have been seized. According to a press release by the Enforcement Directorate, authorities of Switzerland have frozen the bank accounts under the PMLA Act.

Purvi is also one of the accused along with brother Nirav Modi in Rs 13,000 crore PNB scam. The Interpol's Loyn office in September last year, had Red Corner Notice against absconding diamond businessman Nirav Modi's sister Purvi Modi in connection with the Punjab National Bank scam.

The 48-year-old, who has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, will be appearing for the first time since his bail appeal was rejected by the UK High Court earlier this month, his fourth attempt at bail.