The Enforcement Directorate (ED) has attached assets worth Rs 255 crore of absconding diamond merchant Nirav Modi in Hong Kong under Prevention of Money Laundering Act (PMLA).
Earlier, ED had attached assets worth Rs 637 crores belonging to fugitive diamantaire Nirav Modi in connection with the Punjab National Bank (PNB) fraud case.
According to the reports, the total attachment in the PNB scam case till date is worth Rs 4,744 crore.
According to a senior ED official, the financial probe agency has been working in close coordination with foreign agencies in order to identify and attach jewellery, bank accounts, immovable properties of Nirav Modi.
As per ED, diamond studded jewellery worth Rs. 22.69 crore was brought back to India from Hong Kong in 23 shipments. Investigation in the matter revealed that the stock of jewellery was shipped abroad after the Central Bureau of Investigation (CBI) filed the first FIR against the celebrity jeweler in January.
Fugitive Nirav Modi is the kingpin of the 13,700 crore Punjab National Bank Scam and his uncle Mehul Choksi is also a prime accused in the case.
