PNB Fraud: ED Attaches Nirav Modi’s Properties Worth Rs 147 Cr
New Delhi: The Enforcement Directorate (ED) on Tuesday informed that it has attached properties worth over Rs 147.72 crore of fugitive diamond jeweller Nirav Modi in Mumbai and Surat.
The property attached includes movable and immovable assets namely eight cars, plant and machinery, consignments of jewellery, paintings and immovable property owned by Nirav Modi and his group companies.
The Central Probe Agency took the action under sections of the Prevention of Money Laundering Act (PMLA) 2002.
Earlier, the ED had attached Nirav’s properties in India and abroad worth Rs 1,725.36 crore. It had also attached gold, diamond, bullions, jewellery and other valuables worth Rs 489.75 crore.
Notably, Nirav Modi and his uncle Mehul Choksi has cheated the Punjab National Bank of around Rs 14,000 crore with the purported involvement of some of its employees.
In November 2018, the ED had attached assets worth Rs 637 crore belonging to Nirav Modi and his family members. This included two apartments at New York’s Central Park.
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