‘Only Rs 236 in co’s a/c’: Liquidator calls for release of Nirav’s funds
With only Rs 236 allegedly remaining in one of the bank accounts of fugitive businessman Nirav Modi’s Firestar Diamond International Pvt Ltd (FDIPL) after Kotak Mahindra Bank transferred Rs 2.46 crore to State Bank of India towards income tax dues and two others, Union Bank of India and Bank of Maharashtra, transferred only part of the total amount due, the liquidator appointed for the company once again moved the special court seeking release of the money. In August 2021, as part of the proceedings under the Fugitive Economic Offenders Act, the court had directed the amounts to be released to the claimant, Punjab National Bank, through the liquidator appointed with respect to FDIPL.
