The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore, belonging to PNB-scam accused Nirav Modi and Mehul Choksi from Hong Kong.
These valuables were brought as part of 108 consignments belonging to firms controlled by Nirav Modi and his uncle Mehul Choksi.
“The valuables include polished diamonds, pearls, pearl and silver jewellery, and is valued around Rs 1,350 crore and weighs approximately 2,340 kg,” ED said in a statement.
The ED claims to have earlier brought back 33 valuable consignments from Dubai and Hong Kong in the case. These were valued at around Rs 137 crore.
Both the businessmen are being investigated by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA) in connection with over USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.