PNB fraud: ED attaches Rs 637 crore assets of Nirav Modi, family in 5 countries


Team Udayavani, Oct 1, 2018, 11:06 AM IST

New Delhi: 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.

The agency said the properties, jewellery, flats and bank balances are in India, UK and New York among others,.

There are only very few cases where Indian agencies have attached assets abroad in a criminal probe.

The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act (PMLA), it said.

The agency, a senior official said, also got issued an Interpol Red Corner notice (global arrest warrant) against Aditya Nanavati, an accused in the same case, on charges of money laundering.

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.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall

Waqf properties row: JPC Chairman receives over 500 petitions from aggrieved farmers in Karnataka

Asaduddin Owaisi questions Waqf Bill JPC Chairman’s Karnataka visit

Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured

UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities

Kavoor Police arrest two notorious cattle thieves

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

K’taka govt prohibits staff from smoking, consuming tobacco products inside offices

Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall

Waqf properties row: JPC Chairman receives over 500 petitions from aggrieved farmers in Karnataka

ICC pitch ratings: Chepauk deemed ‘very good’, Kanpur outfield ‘unsatisfactory’

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.