• Monday, August 15, 2022


PNB Fraud: India’s ED Attaches Nirav Modi, Mehul Choksi’s Assets Worth £22.78 Million

Diamonds whose market value is estimated at Rs 187.60m, belonging to Firestar Group related to Modi, were also attached. (Photo: Aniruddha Chowdhury/Mint via Getty Images).

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…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye


Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…