Team  SoOLEGAL

NIRAV MODI ARRESTED

Team SoOLEGAL 20 Mar 2019 4:22pm

NIRAV MODI ARRESTED

Enforcement Directorate (India) had earlier registered a case against Nirav Modi and others under the Provisions of Money Laundering Act after CBI registered an FIR against him under Sections 120-B r/w 420 of IPC read with Section 13(2) read with 13(1)(d) of Prevention of Corruption Act, 1988.

Just 2 days back, the Westminster Court of London had issued a provisional arrest warrant against the diamond trader who is allegedly responsible for the Rs.13,000 crore Punjab National Bank scam will be arrested soon.
According to ED and the CBI, Nirav Modi and Mehul Choksi managed to get fraudulent Letters of Understanding issued without following the due process causing a massive loss to the bank. They were able to do so in connivance with officials of PNB.
Nirav Modi has been arrested in United Kingdom He will be produced before the Court shortly.
Tagged: NiravModi   Arrest   UnitedKingdom   PreventionOfMoneyLaunderingAct  
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