PNB case: ED attaches Nirav Modi's assets worth Rs 255 cr in Hong Kong
New Delhi [India], Oct 25 (ANI): The Enforcement Directorate (ED) has attached valuables worth Rs 255 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.
ANI
Oct 25, 2018 15:05 IST
New Delhi [India], Oct 25 (ANI): The Enforcement Directorate (ED) has attached valuables worth Rs 255 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.
The total attachments in the scam case so far amount to Rs 4744 crore.
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)
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