The Enforcement Directorate (ED) has attached properties worth 25 crore rupees of diamond jeweller Nirav Modi in connection with its ongoing probe into the Punjab National Bank fraud case.
The fresh seizure includes antique jewellery, a diamond ring valued at 10 crore rupees, costly watches and paintings. Officials said, the recovery was made after ED along with the CBI launched fresh searches on Thursday, which continued till today.
The central probe agency has filed two money laundering FIRs against Nirav Modi and his uncle and Gitanjali Gems promoter Mehul Choksi to probe the alleged over 1,200 crore rupee fraud in the PNB. The ED has also notified the Interpol for a global arrest warrant against the two as they left India early this year and have not appeared before the agency even after summons.
It has conducted a total of 251 country-wide searches in this case after it began the criminal probe against the accused in February. The total seizure and attachment of diamond, gold, precious and semi-precious stones and other movable and immovable assets in the case stand at over 7,600 crore rupees.