PNB Fraud: Enforcement Directorate Attaches Rs 637-Crore Assets Of Nirav Modi, Family In Five Countries
The agency said the properties, jewellery, flats and bank balances are in India, U.K. and New York, among other places.
Initiating a fresh round of action, the Enforcement Directorate today said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the $2 billion alleged fraud in the Punjab National Bank Ltd.
The agency said the properties, jewellery, flats and bank balances are in India, U.K. and New York, among other places.
There are only very few cases where Indian agencies have attached assets abroad in a criminal probe.
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
The agency, a senior official said, also issued an Interpol Red Corner notice (global arrest warrant) against Aditya Nanavati, an accused in the same case, on charges of money laundering.