MeraNews Network, New Delhi: The Enforcement Directorate today said it has attached assets worth Rs 637 crore of absconding jeweller and businessman Nirav Modi and his family in connection with the alleged Rs 13,000 crore Punjab National Bank fraud in the.
The agency said the properties, jewellery, flats, and bank balances are in India, UK and New York among others. The ED said the assets have been attached as part of five separate orders issued under the Prevention of Money Laundering Act.
Nirav Modi and his uncle Mehul Choksi are the main accused in the PNB fraud case. It is alleged that the two businessmen duped and defrauded the Brady House branch of the Punjab National Bank in Mumbai for an amount of about 13,000 crore rupees in purported connivance with bank officials.
Mehul Choksi recently became a citizen of Antigua and there have been several reported spotting of Nirav Modi in different countries across the globe.