New Delhi, July 8
The Enforcement Directorate (ED) in the present day confiscated belongings value Rs 329.66 crore of diamond service provider Nirav Modi below the Fugitive Economic Offenders Act in reference to the PNB fraud case.
The ED has been probing the case below the Prevention of Money Laundering Act in opposition to the fugitive diamond service provider and his uncle Mehul Choksi amongst others on the premise of a CBI probe into an over $ 2 billion alleged financial institution fraud at a PNB department in Mumbai.
“The confiscated properties are in the form of four flats at iconic building Samudra Mahal in Mumbai, a seaside farmhouse and land in Alibaug, a windmill in Jaisalmer, a flat in London and residential flats in UAE, shares and bank deposits,” the ED mentioned in an announcement. — TNS