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The case involves Trident Trust Company (Singapore) Pte Limited as the claimant, seeking to sell its apartment asset in the Marylebone area of central London, and the ED arguing that the trust’s assets represent the proceeds of a massive fraud on the Punjab National Bank (PNB) for which Nirav is facing extradition proceedings.
The trustee liquidating Firestar Diamond says the CEO transferred his interest in a New York residence to keep it from creditors.
Read more about PNB scam: PMLA court grants bail to Nirav Modi's close aide on Devdiscourse
Parab was a deputy general manager (finance) at Firestar Diamond, a firm owned by Modi, and was deported to India from Cairo in Egypt in April 2022.
Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials