Interpol Red Notice against Nirav’s sister

Purvi helped brother launder funds: ED
The Interpol has issued a Red Notice against the sister of Punjab National Bank (PNB) fraud case “mastermind” Nirav Modi in connection with the money laundering probe by the Enforcement Directorate. It is alleged that Purvi Modi helped her brother launder the funds generated through the scam. She is the owner or director of several companies set up solely for the purpose of money laundering, said the agency.
Some of these companies have been identified by the ED as United Arab Emirates-based Fine Classic FZE, Lili Mountain Investment, Pristyn Holdings Limited, Palmate Investments Limited, Pavilion Point Corporation and Novelar International Holdings Limited in the British Virgin Islands, and Islington International Holdings Private Limited and Belvedere Group Holdings Limited in Singapore.
“These companies were formed and managed in a very complex manner to camouflage the criminal origin of funds,” the ED said.
Source :

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