New Delhi: Enforcement Directorate (ED) has issued a fresh provisional order under the Prevention of Money Laundering Act for the attachment of Nirav Modi’s assets in Hong Kong.
A court issued order will soon be sent to Hong Kong to formalise the PMLA attachment.
The assets which include jewellery and assets worth 211 Crores were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of the PNB money laundering case.
A logistics company in Hong Kong was found to be the storehouse for these valuables.
With this order, the total attachment in this case against the fugitive diamantaire is about Rs 4,744 crore.
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Ms Kalinga