October 1, 2018:
On Monday, the Enforcement Directorate initiating a fresh round of action has said that it has attached assets worth Rs. 637 Crore of absconding Diamond Jeweller Nirav Modi & his family in India and 4 other countries in connection with the US$ 2 billion alleged fraud in the PNB.
Agency so informed that the properties, jewellery, flats & Bank Balances are in India, UK & New York among others.
There are just only a very few cases where Indian Agencies have attached assets abroad in a 'Criminal Probe'.
The assets have been attached as part of 5 separate orders issued by the Central Probe Agency under the 'Prevention of Money Laundering Act' (PMLA).
The agency has also got issued an 'Interpol Red Corner' notice (global arrest warrant) against Aditya Nanavati who is an accused in the same case, on charges of money laundering as informed by a Senior Official.
Nirav Modi & his Uncle Mehul Choksi are the main accused in the case where it is alleged that the 2 Diamond Jewellery Businessmen allegedly duped and defrauded the Brady House branch of the Punjab National Bank in Mumbai for an amount of US$ 2 billion (about 13,000 crore) in purported connivance with the Bank Officials.
Source: The Tribune
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