- Enforcement Directorate confiscated Nirav Modi’s assets worth 329.66 crores
- Nirav Modi is in jail in London (Nirav Modi in UK Jail)
- Hearing to be held on 7 September
New Delhi: In a major action against fugitive diamond trader Nirav Modi (NIRAV MODI), the Enforcement Directorate has seized his assets worth 329.66 crores. Modi’s seized assets include four flats in Samudra Mahal Building in Worli, Mumbai, land in Alibag (NIRAV MODI ALIBAGH BUNGLOW) and a farmhouse near the sea, a windmill in Jaisalmer, flats in London and in the United Arab Emirates (UAE) Residential flats are included. Apart from this, Modi’s bank deposits and shares have also been seized by the ED.
In June, the court gave orders for confiscation of assets- Let me tell you that in June, the Mumbai High Court had ordered the seizure of Nirav Modi’s property worth Rs. 1396 crores.
Let us tell you that earlier in March, ED had collected Rs 51 crore by auctioning expensive watches, paintings, cars of Nirav.
Scam done with Punjab National Bank
Diamond trader Nirav Modi and Mehul Choksi are the main accused in a scam involving the Punjab National Bank of about Rs 14,000 crore. The CBI and ED are investigating the case after the PNB scam was exposed in January 2018.
London jailed Nirav Modi (NIRAV MODI IN UK JAIL) – running against Nirav Modi in case the scam with Punjab National Bank (NIRAV MODI PNB SCAM) lawsuit extradition in the UK (NIRAV MODI EXTRADITION CASE). The matter is scheduled for hearing on 7 September. London police have arrested NIRAV MODI ARRESTED after the extradition charges were issued in March on India’s appeal in debt scam and money laundering cases.
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