The Enforcement Directorate (ED) on Monday, 1 October, said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the Rs 13,000 crore alleged fraud in the Punjab National Bank.
The agency said the properties, jewellery, flats and bank balances are in India, UK and New York, among others. “There are only very few cases where Indian agencies have attached assets abroad in a criminal probe.”
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
The agency, a senior official said, also got issued an Interpol Red Corner notice against Aditya Nanavati, an accused in the same case, on charges of money laundering.
Nirav Modi and his uncle, Mehul Choksi, are the main accused in the case where it is alleged that the two diamond jewellery businessmen allegedly duped and defrauded the Brady House branch of PNB in Mumbai for an amount of USD 2 billion which is about 13,000 crore in Indian Currency is in purported connivance with bank officials.