PNB scam: ED issues summons to Nirav Modi's father, sister
New Delhi, May 18: The Enforcement Directorate (ED) has issued summons to absconding diamantaire Nirav Modi's father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in the multi-crore Punjab National Bank (PNB) fraud, an official said here on Friday.
The fraud was committed during 2011-17 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).
Deepak, Purvi and Mayank have been asked to appear before the ED investigators at its Mumbai office to record their statements in the case as the agency is in the process of filing chargesheet in a special Prevention of Money Laundering Act (PMLA) court in Mumbai, expectedly by the next week.
ED investigators said Nirav Modi's relatives were summoned in the first week of this month and were given 15 days time to appear before it in the ongoing money laundering probe of over Rs 13,000 crore. The alleged banking fraud was committed by the diamond merchant, his group of companies -- Diamond R US, Solar Exports and Stellar Diamonds -- alongwith uncle Mehul Choksi and others.
An ED official said that further notices would be issued to the three in case they fail to respond to the first summons, an ED official told IANS on condition of anonymity.
Deepak is reportedly based in Antwerp in Belgium, while Purvi and her husband are settled in Hong Kong. "They were sent the summons through mail," the official said.
Purvi is under ED's radar for her alleged role in round-tripping of Nirav Modi's laundered money via Foreign Direct Investment (FDI) back to India while her husband is suspected of supporting the diamond merchant in similar operations.
The multi-crore fraud was committed in connivance with PNB's Mumbai Brady House branch officers between 2011-17.
The ED had started money laundering probe against Nirav Modi, his brother Nishal, wife Ami and others, based on the Central Bureau of Investigation's (CBI) FIR lodged on January 31, following PNB's first complaint against the businessman for allegedly cheating it of Rs 280.70 crore.
ED investigators have claimed to have traced over Rs 5,000 crore assets of Nirav Modi so far. The official said that the crores said to have been sent as FDI transactions from Singapore-based firm Islington International Pte Ltd, whose beneficiary owner is stated to be Purvi's husband, are doubtful in nature.
The ED investigations is also based on Income Tax department's February report to the Central Board of Direct Taxes (CBDT) and the Union Finance Ministry against Nirav Modi and his uncle Choksi in which it is reportedly mentioned that nearly Rs 4,900 crore transactions were unexplained.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Sanju Samson ton guides India to 61-run win over South Africa
Durban, Nov 8: Sanju Samson scored a scintillating century as India inflicted a 61-run defeat on South Africa in the first T20I here on Friday.
Invited to bat, Samson blazed away to 107 off 50 balls, hitting as many as 10 sixes and seven fours to help India post 202 for 8.
The spin duo of Varun Chakaravarthy (3/25) and Ravi Bishnoi (3/28) then shared six wickets between them to bowl out South Africa for 141 in 17.5 overs.
Earlier, Samson became the first Indian to score back-to-back centuries in T20Is.
The opener notched his second T20I hundred off just 47 balls. His first had come in India's last outing against Bangladesh last month.
However, South Africa clawed their way back into the game as they stemmed the flow of runs by picking wickets in the last five overs.
Pacer Gerald Coetzee who claimed three wickets was the pick of the bowlers for the hosts.
Brief Scores:
India: 202 for 8 in 20 overs (Sanju Samson 107, Tilak Verma 33; Gerald Coetzee 3/37)
South Africa: 141 all out in 17.5 overs (Heinrich Klaasen 25; Varun Chakaravarthy 3/25, Ravi Bishnoi 3/28)
