New Delhi: The Supreme Court on Monday asked Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi who is an accused in the Punjab National Bank (PNB) fraud case, to write to the banks where his accounts have been probed by the CBI and seek the statements of transactions. Mehta told the court that his bank accounts, including those in Singapore, were frozen following a money-laundering probe launched by the ED.
A bench of justices D Y Chandrachud and Hima Kohli told Mehta's counsel Amit Desai that his client should write to the banks, requesting for the statements of transactions for the period sought to be probed by the CBI. The bench said the details of all the communication with the banks should be shared with the investigating agency.
Representing the Central Bureau of Investigation (CBI), Additional Solicitor General S V Raju said even if the accounts are frozen, it does not preclude Mehta from seeking bank statements for the period being probed by the federal agency. The bench said it will allow Mehta to travel abroad once he furnishes the bank statements and posted the matter for hearing on November 14.
The court was hearing a CBI plea challenging an August 23 order of the Bombay High Court that allowed Mehta to travel to Hong Kong and stay there for three months. On October 18, the top court had asked the CBI and the Enforcement Directorate (ED) to sit together within a week and share material with regard to the money transactions and disclosures made by Mehta with each other.
It had also asked Mehta to share with the CBI whatever relevant information he has on the bank accounts being investigated by the agency. The CBI had earlier flagged issues with regard to the non-disclosure of transactions in bank accounts, including one based in Singapore, two transactions of USD 8.9 million and USD 1.8 million transferred by Modi's father.
The agency had said Mehta should share the details with it after which he might be considered for travelling abroad. The top court had earlier noted that on October 13, 2021, a notice was issued under section 91 of the Code of Criminal Procedure (CrPC), directing Mehta to appear before the additional superintendent of police, CBI in Mumbai with documents related to his bank account in Singapore as well as with the statement and other details of an account in the name of Pavilion Point Corporation, a company controlled by Mehta, on October 25, 2021.