ED attaches Nirav Modi properties worth Rs. 523 crore
Mumbai/New Delhi, Feb 24 (IBNS) : The Enforcement Directorate on Saturday attached 21 properties worth Rs. 523 crore belonging to billionaire diamond merchant Nirav Modi and his business group as part of its probe into the Rs. 11,400-crore PNB fraud, media reports said.
The attached properties include a penthouse, a solar power plant, residential and official accommodation and 135 acres of land in different parts of Maharashtra.
The agency obtained the attachment order under the provisions of the Prevention of Money Laundering Act (PMLA).
The agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and luxury cars and watches.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
