New Delhi: Nirav Modi assets Rs 637 cr seized
Initiating a fresh round of action, the Enforcement Directorate Monday said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the USD 2 billion alleged fraud in the PNB.
5 overseas bank accounts belonging to Nirav Modi having balance of total Rs 278 crore also attached by the Enforcement Directorate. Diamond studded jewellery worth Rs 22.69 crore has brought back to India from Hong Kong. A flat in South Mumbai worth Rs 19.5 Crore also attached.
Nirav Modi and his uncle Mehul Choksi are the main accused in the case where it is alleged that the two diamond jewellery businessmen allegedly duped and defrauded the Brady House branch of the Punjab National Bank in Mumbai for an amount of USD 2 billion (about 13,000 crore) in purported connivance with bank officials.