- Saturday, April 27, 2024
By: Radhakrishna N S
India’s federal law enforcement and economic intelligence agency, Enforcement Directorate (ED) said that it has attached properties worth Rs 2.18 billion (£22.78 million) in India and abroad belonging to fugitive celebrity jeweller Nirav Modi and his close relative Mehul Choksi. Both diamond merchants have moved out of India, and are accused of defrauding state-owned country’s Punjab National Bank (PNB) of Rs 135bn. According to an official from ED, a villa of worth Rs 270m owned by Choksi in a foreign location has been attached. A property at India’s southern city, Hyderabad worth Rs 1.2bn owned by AP Gems and Jewellery…
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