Nirav Modi Nailed: Singapore High Court Orders Freezing of Rs 44.41 Crore in His Kin's Account on ED's Request
The account, whose freezing order has been issued, was registered in the name of one Pavilion Point Corporation, an entity registered in the British Virgin Islands. The ED in its request before the Singapore HC claimed that the money stashed in Pavillion Point Corp's account was 'proceeds of crime', illegally siphoned off by Modi.