• Monday, August 08, 2022

INDIA

India’s ED Attaches Nirav Modi’s Assets Worth £67.02 Million in PNB Fraud Case

Nirav Modi (File photo: Aniruddha Chowdhury/Mint via Getty Images)

By: Radhakrishna N S

India’s Enforcement Directorate (ED) said on Monday (1) that it has attached the properties worth £67.02 million of absconding celebrity jeweller, business tycoon, Nirav Modi, and his family. The properties include two apartments in New York’s central park. The move of the ED has come as apart of its fresh action in the £1.53 billion, alleged bank fraud case in state-run Punjab National Bank (PNB). The ED has added that, it has issued as many as five provisional orders, under country’s Prevention of Money Laundering Act (PMLA) for attachment of assets of Modi in London, New York, bank balances in…

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