ED attaches Nirav Modi’s Hong Kong properties worth Rs 255 crore in PNB fraud case
So far, assets worth 4,744 crore have been attached in the PNB fraud case (Picture Courtesy: OROR)
The Enforcement Directorate on Thursday attached properties owned by Nirav Modi worth Rs 255 crores in Hong Kong under Prevention of Money Laundering Act (PMLA) in connection with the Punjab National Bank (PNB) fraud case.
So far, assets worth Rs 4,744 crore have been attached in the case.
Nirav Modi and his uncle Mehul Choksi of Gitanjali Group are accused of defrauding the Brady House branch of PNB in Mumbai of around USD 2 billion (Rs 13,000 crore) in purported connivance with bank officials.
The two businessmen are being probed by the Central Bureau of Investigation (CBI) and the ED. Back in May, the ED had filed chargesheets against the duo. Non-bailable warrants have also been issued against them.
The Interpol had issued a Red Corner Notice (RCN) against Nirav Modi, his brother Neeshal and sister Purvi, who are Belgian citizens, Bhansali and Aditya Nanavati (close associates of Nirav Modi).
However, an RCN request against Choksi, who was granted Antiguan citizenship earlier this year, is pending with the Interpol.
Earlier this month, the ED had attached assets worth Rs 637 crore of Modi and his family in India and four other countries.
