Following a request by the Enforcement Directorate, the Singapore High Court has ordered freezing of balance of USD 6.122 million (Rs. 44.41 crore) in the bank account maintained in Singapore by Pavilion Point Corporation, British Virgin Island. The company is beneficially owned by Mayank Mehta and Purvi Modi (brother-in-law and sister of Nirav Modi). It was reported that Nirav Modi was living in a porch area and also started a new diamond business there. Nirav Modi is presently lodged at Wandsworth prison in south-west London as his extradition trial sought by India in relation to the Punjab National Bank (PNB) fraud and money laundering case is pending.

Source: dna July 02, 2019 08:34 UTC