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Nirav Modi diverted Rs 934 crore to personal accounts

Nirav Modi diverted Rs 934 crore to personal accounts

Posted On : Tuesday, March 12, 2019, 1:09 PM
Fugitive diamond merchant Nirav Modi diverted Rs 934 crore into his personal account and two other accounts in the name of his wife and father, says the supplementary chargesheet filed by the Enforcement Directorate in the Mumbai special court on Friday. Of this, Rs 560 crore ($80 million) has been credited into his account, Rs 200 crore ($30 million) into wife Ami’s account and Rs 174 crore ($25 million) into his father Deepak Modi’s personal bank account maintained abroad, officials said. Modi is the key accused in the Rs 6,500 crore scam in which Punjab National Bank (PNB) was duped through fraudulent letters of undertaking(LoU).
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