Court allows ED to get details from 6 countries; absconding diamond trader
Written by : SMTV24x7 | Tue, Feb 27, 2018, 04:02 AM
Mumbai, Feb 27: A Mumbai special court on Monday permitted the Enforcement Directorate (ED) to issue Letters Rogatory to six countries for identifying and seizing properties of absconding diamond trader Nirav Modi in the Rs 11,300-crore PNB fraud.
The permission was granted by Special Judge M.S. Azmi to the ED to issue the Letters Rogatory (LRs), which is a request from a court of a sovereign nation to the court of another foreign country.
The court's green signal -- marking a significant boost for investigating agencies -- came after Special Public Prosecutor Hiten Venegaonkar sought issuance of LRs under the Prevention of Money Laundering Act (PMLA) vide an application made by the ED.