The Enforcement Directorate (ED) continues to raid properties linked to Nirav Modi. Sources tell CNBC-TV18 that 39 raids were conducted across the country today and assets worth over Rs 5,000 crores have been seized so far. Meanwhile, the revenue department has come across several transactions worth a few hundred crores each of unexplained cash sent abroad. Timsy Jaipuria has more details about what is the nature of these transactions and how have they been routed to and from the country?
CNBC TV18
@moneycontrolcom
The Enforcement Directorate (ED) continues to raid properties linked to Nirav Modi. Sources tell CNBC-TV18 that 39 raids were conducted across the country today and assets worth over Rs 5,000 crores have been seized so far. Meanwhile, the revenue department has come across several transactions worth a few hundred crores each of unexplained cash sent abroad. Timsy Jaipuria has more details about what is the nature of these transactions and how have they been routed to and from the country?
Also, Sapna Das of CNBC-TV18 explains what are the five counts on which the government has sought a response and by when can we expect the Reserve Bank of India (RBI) to respond to that letter.
For more, watch accompanying video...
