Probe Agency Seizes Nirav Modi's Assets Worth 255 Crore Rupees In Hong Kong | Read
The Enforcement Directorate (ED) on Thursday said it has attached valuables and jewellery worth Rs. 255 crore in Hong Kong of diamond jeweller Nirav Modi in connection with the $2 billion alleged fraud in PNB. The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. "The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of the case (PNB money laundering) in India," it said.
