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The Singapore High Court has ordered freezing of bank deposits worth Rs 44.41 crore kept in that country by PNB fraud accused Nirav Modi's sister and brother-in-law as part of a money laundering probe in India, the ED said Tuesday. The agency said the bank account is in the name of Pavillion Point Corporation based in the British Virgin Island, a company 'beneficially owned' by Purvi Modi and Maiank Mehta. The two are the sister and brother-in-law of Nirav Modi, who is currently under arrest in this alleged bank fraud case in London. The high court had ordered freezing the balance of USD 6.122 million (Rs 44.41 crore) on the request of the Enforcement Directorate (ED) on the ground that deposits in the bank account were made from "proceeds of crime" illegally siphoned off by Nirav Modi from the Punjab National Bank.

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