The Enforcement Directorate on Wednesday filed applications against fugitive diamantaire Nirav Modi and his uncle Mehul Choksi under the Fugitive Economic Offenders Ordinance in the Mumbai Special Court, also seeking confiscation of their assets in India, the U.K. and the UAE.
The agency has requested that the two accused in the ₹13,578-crore Punjab National Bank fraud cases be declared fugitives under the ordinance if they do not comply with the notices requiring their appearance in the court. “We have also requested for confiscation of the movable and immovable properties that are believed to be the proceeds of crime, besides other assets linked to them in India, U.K. and UAE,” said an official.
Based on the FIRs lodged by the CBI, the ED had earlier filed two money laundering cases against Mr. Modi, Mr. Choksi and others.