Continuing with the crackdown on fugitive businessman Nirav Modi, the Swiss authorities have frozen 4 of his bank accounts amounting to $6 million or ₹41,51,25,000 approximately, reports India Today.
Currently the 48-year-old has been lodged at Wandsworth prison in south-west London since his arrest in March. He was arrested for a $2 billion Punjab National Bank (PNB) money laundering case.
Modi was arrested by uniformed Scotland Yard officers on an extradition warrant on March 19 and his fourth and recent attempt for bail was also rejected by a UK court this month.
Claiming that Nirav Modi is the primary beneficiary of the fraudulent issuance of letters of undertaking (LoUs), a conspiracy to defraud PNB, the UK courts have demanded his availability in the courts, once in every four weeks.
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