Fugitive diamond merchant Nirav Modi’s close confidante and qualified charted accountant Shyam Wadhwa has admitted that he assisted Nirav Modi in forming shell companies to launder money.
A source in the Enforcement Directorate confirmed to India Today that Wadhwa, who was arrested last week, has confessed that he helped Nirav Modi, who’s the main accused in the Rs 13,700-crore PNB fraud, by creating shell companies to reroute money back to India.