New Delhi: The Enforcement Directorate (ED) on Tuesday attached properties belonging to absconding diamantaire Nirav Modi and his associate companies worth Rs 147 crore under sections of the Prevention of Money Laundering Act (PMLA).
Modi, along with his uncle Mehul Choksi, are key accused in the USD 2 billion Punjab National Bank fraud case. While Modi fled the country last January, Choksi has taken refuge in Antigua.
The ED has till date attached properties worth Rs 4,765 crore of Choksi and Nirav Modi. The ED had earlier attached properties in India and abroad to the tune of Rs 1,725.36 crore. Besides the properties, the ED had also attached gold, diamond, bullions, jewellery and other valuables worth Rs 489.75 crore.
An Interpol arrest warrant was also notified against him even as India is working to get him extradited from the United Kingdom.
ED has also filed a charge sheet against him alleging that he laundered and diverted over Rs 6,400 crore of bank funds abroad to dummy companies that were under his and his families' control.
