Mumbai court likely to record statement of Nirav Modi's brother-in-law Maiank Mehta in Punjab National Bank loan fraud case
Nirav Modi
, in the over Rs 13,000 crore Punjab National Bank (PNB) loan fraud case.
On Thursday, the court directed the Hong Kong-based British national to remain present before it after the CBI moved a plea seeking to record his statement. The move could help the investigating agency decide if Mehta can turn approver and depose as a prosecution witness against Nirav. The statement will be recorded under Section 164 of the Criminal Procedure Code (CrPC), which involves confessions by accused and statements by witnesses.
CBI recently submitted a supplementary chargesheet against Mehta and his wife Purvi Modi, a Belgian national. The court decided to postpone taking cognisance of the chargesheet against Purvi, citing reasons related to her application to become an approver.
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In Jan 2021, Maiank and Purvi turned approvers — prosecution witnesses — against Nirav in the money laundering cases filed by Enforcement Directorate (ED).
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The court granted them pardon in that case. Purvi, the court noted, did not contest the provisional attachments by ED of seven out of eight assets, including a bank account in Mumbai and Marathon House in London owned by her, worth approximately Rs 60 crore.
ED submitted that various bank accounts and trusts in her name were used to launder proceeds of crimes. Both said they "distanced" themselves from Nirav. They expressed their willingness to be examined as witnesses and to make a "full and true disclosure".
Their case was that their "entire personal and professional life has now been brought to a standstill because of Nirav's alleged criminal activities." There was a red corner notice issued by Interpol in force against the couple. The court invoked the power under section 307 of the Criminal Procedure Code on the grant of pardon, which can be done at any time before judgment is passed in a trial, to a person considered to be directly or indirectly concerned in or privy to any offence.
In Sept 2022, Mehta made his first appearance before a special PMLA court in Mumbai.
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