Absconding jeweller Nirav Modi to have London and New York apartments seized

• Sarwar Alam
• 01 October, 2018

By: Sarwar Alam

India’s Enforcement Directorate on Monday (1) said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family, including two apartments in New York’s iconic central park, as part of its fresh action in the $2 billion alleged bank fraud in Punjab National Bank (PNB). The agency said it has issued as many as five provisional orders, under the Prevention of Money Laundering Act (PMLA), for attachment of assets in London, New York, bank balances in Singapore and other countries, a flat in Mumbai and diamond studded jewellery that was shipped to India from Singapore.…

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