ED attaches Nirav Modi’s gems, financial institution deposits price over Rs 253 crore in Hong Kong
By PTI
NEW DELHI: The Enforcement Directorate Friday mentioned it has hooked up gems, jewelry and financial institution deposits price Rs 253.62 crore of corporations linked to fugitive diamond service provider Nirav Modi as a part of a cash laundering probe.
All these moveable property are in Hong Kong, the company mentioned in a press release.
Some property of Nirav Modi group of corporations in Hong Kong had been recognized within the type of gems and jewelleries mendacity in personal vaults and financial institution balances in accounts maintained there and these have been provisionally hooked up underneath sections of the Prevention of Money Laundering Act (PMLA), it mentioned.
Nirav Modi, 50, is presently lodged in a UK jail and has misplaced his extradition plea to India in reference to the USD 2-billion PNB fraud case that can be being investigated by the CBI.
NEW DELHI: The Enforcement Directorate Friday mentioned it has hooked up gems, jewelry and financial institution deposits price Rs 253.62 crore of corporations linked to fugitive diamond service provider Nirav Modi as a part of a cash laundering probe.
All these moveable property are in Hong Kong, the company mentioned in a press release.
Some property of Nirav Modi group of corporations in Hong Kong had been recognized within the type of gems and jewelleries mendacity in personal vaults and financial institution balances in accounts maintained there and these have been provisionally hooked up underneath sections of the Prevention of Money Laundering Act (PMLA), it mentioned.
Nirav Modi, 50, is presently lodged in a UK jail and has misplaced his extradition plea to India in reference to the USD 2-billion PNB fraud case that can be being investigated by the CBI.
