Dynamite News PNB case: ED attaches Nirav Modi's assets worth Rs 255 cr in Hong Kong
The Enforcement Directorate (ED) has attached valuables worth Rs 225 crores in Hong Kong belonging to fugitive diamantaire Nirav Modi in connection with the Punjab National Bank (PNB) fraud case, under the Prevention of Money Laundering Act (PMLA), 2002.
New Delhi: The Enforcement Directorate (ED) has attached valuables worth Rs 225 crores in Hong Kong belonging to fugitive diamantaire Nirav Modi in connection with the Punjab National Bank (PNB) fraud case, under the Prevention of Money Laundering Act (PMLA), 2002.
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ED attaches assets worth Rs 11.85 cr in connection with bank fraud case
The total attachments in the scam case so far amount to Rs 4744 crore.
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ED transfers Rs 9,371.17 cr assets seized in Mallya, Nirav, Choksi cases to PSBs, Centre
Earlier, ED had seized and attached various immovable properties and valuables (Cut and Polished Diamonds) worth Rs 218.46 crore. These properties belonged to Modi, his uncle Mehul Choksi, his close aid Mihir Bhansali.
The Directorate has already filed a prosecution complaint under Section 45 of PMLA, 2002 against Nirav Modi, Purvi Modi, Maiank Mehta, Neeshal Modi, Nehal Modi, Deepak Modi and 18 other accused for commission of offence of money laundering, defined under Section 3 and punishable under Section 4 of the Prevention of Money Laundering Act, 2002. (ANI)