September 17, 2021

Published from Mumbai, Delhi & Bhopal

ED attaches Nirav Modi, Choksi’s assets worth Rs 218 crore

The Enforcement Directorate on Wednesday said it has attached assets in India and abroad worth Rs 218 crore belonging to fugitive diamond merchants Nirav Modi and his maternal uncle Mehul Choksi.

The duo, who have fled the country, are accused of defrauding state-run Punjab National Bank of Rs 13,500 crore.

A senior official of the agency said: “A villa at a foreign location worth Rs 27 crore belonging to Choksi has been attached.”

The assets attached by the ED include a Hyderabad property worth Rs 120 crore belonging to A.P. Gems & Jewellery Park.

On specific intelligence, diamonds with a market value of Rs 18.76 crore belonging to the Firestar Group related to Nirav Modi were also seized, the official added.

The agency also attached a flat worth Rs 1.70 crore in Mumbai’s Trump Tower. It is in the name of Choksi’s daughter.

The official revealed that the agency has attached an overseas flat worth Rs 51 crore belonging to Mihir Bhansali, a close aide of Nirav Modi.

The official also said that Letters Rogatory have been sent to the authorities of foreign jurisdictions to enforce the provisional attachment orders.

The financial probe agency has till date attached properties worth Rs 4,488 crore in the PNB fraud case.

Hindi Website