Nirav Modi's firm moves Delhi HC against seizure of his properties
New Delhi [India], Mar. 6 (ANI): Diamantaire Nirav Modi-owned Firestar Diamond International on Tuesday moved to the Delhi High court against the seizure of his properties by the Enforcement Directorate (ED) in connection with the Punjab National Bank (PNB) fraud case.
ANI
Mar 06, 2018 19:45 IST
New Delhi [India], Mar. 6 (ANI): Diamantaire Nirav Modi-owned Firestar Diamond International on Tuesday moved to the Delhi High court against the seizure of his properties by the Enforcement Directorate (ED) in connection with the Punjab National Bank (PNB) fraud case.
Firestar Diamond International has sought to quash of the order passed by the ED for the seizure of movable property.
It also challenged the provisions of the Prevention of Money Laundering Act (PMLA) that allow the ED to conduct search and seizure of property.
The plea by Firestar Diamond International further claimed that the ED conducted the search without following due process and giving a copy of the search warrant to the company officials.
Nirav Modi and Mehul Choksi are accused in the multi-crore scam that has rattled the country and economy.
The scam started in 2011 and was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies.
Meanwhile, the PNB filed a second complaint with the CBI on February 13.
The CBI had received the complaint from the PNB on January 28 and a case was registered in the case on January 31. (ANI)
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