PNB scam: Enforcement Directorate attaches properties worth Rs 637 crore of Nirav Modi and family
Adding another twist to the Nirav Modi saga, the Enforcement Directorate has reportedly attached assets worth Rs 637 crore in India and four other countries in PNB fraud case.
Assets include immovable properties in New York, a flat in Mumbai,diamond studded jewellery and 5 overseas bank accounts.
Two immovable properties having total value of $29.99 Million (Rs 216 Crores Approx) and beneficially owned by Nirav Modi in New York, have also been attached by ED under section 5 of Prevention of Money laundering Act, according to news agency ANI.
Other attached assets include 5 overseas bank accounts belonging to Nirav having a total balance of Rs 278 crore and a flat in south Mumbai worth Rs 19.5 crore. Diamond studded jewellery worth Rs 22.69 crore has also been brought back to India, according to the news aggregator.
The Enforcement Directorate working collectively with the Ministry of External Affairs has carried out a global operation.
Assets include immovable properties in New York, a flat in Mumbai,diamond studded jewellery and 5 overseas bank accounts.
Two immovable properties having total value of $29.99 Million (Rs 216 Crores Approx) and beneficially owned by Nirav Modi in New York, have also been attached by ED under section 5 of Prevention of Money laundering Act, according to news agency ANI.
Other attached assets include 5 overseas bank accounts belonging to Nirav having a total balance of Rs 278 crore and a flat in south Mumbai worth Rs 19.5 crore. Diamond studded jewellery worth Rs 22.69 crore has also been brought back to India, according to the news aggregator.
Enforcement Directorate attaches attaches properties and bank accounts to the tune of Rs 637 crore in Nirav Modi ca… https://t.co/3wX4qlAfAi
— ANI (@ANI) 1538368911000The Enforcement Directorate working collectively with the Ministry of External Affairs has carried out a global operation.