New Delhi: The Enforcement Directorate (ED) had attached valuables worth Rs 255 crore belonging to Nirav Modi in Hong Kong. With this, the total attachment in the PNB scam case stands at Rs 4,744 crore. The agency said it had issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. (Also read: CBI Seeks Extradition of Nirav Modi’s Brother)
“The said valuables were exported through 26 shipments by Dubai-based companies of Nirav Modi to the Hong Kong-based companies controlled by him after the registration of the case (PNB money laundering) in India,” it said. These valuables, diamonds and jewellery were lying in a logistics company vault in Hong Kong, the agency said. (Also read: PNB Misinformed Probe Agencies, Alleges Mehul)
“Details like value, consignee, shipper, ownership among others of these shipments were obtained during the investigation and after gathering the evidence of ownership and value of the goods, the same have been attached,” it said. The value of the attached assets is USD 34.97 million or about Rs 255 crore at present, it said.
A court issued order will soon be sent to Hong Kong to formalise the PMLA attachment order, they said. Nirav has been absconding since the alleged bank fraud came to light early this year and an Interpol arrest warrant has been notified against him even as India is working to get him extradited from the United Kingdom, where he was last reported to have been based.
The 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.
Nirav, his uncle Mehul Choksi and others are being probed under various criminal laws after the fraud came to light this year following a complaint by the Punjab National Bank (PNB) that they allegedly cheated it to the tune of over Rs 13,000 crore, with the purported involvement of a few employees of the bank.