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Posted at: Nov 7, 2018, 12:42 AM; last updated: Nov 7, 2018, 12:42 AM (IST)

PNB fraud: ED attaches 11 assets of Nirav Modi in Dubai

Tribune News Service/PTI

New Delhi, November 6

The Enforcement Directorate today said it has attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the $2-billion PNB fraud case.

The central probe agency said the assets were in the name of “Modi and his group company M/s Firestar Diamond FZE and they bear a market value of $7.79 million, which is equivalent to Rs 56.8 crore”.

The ED has issued a provisional order for attachment of these assets under the Prevention of Money Laundering Act (PMLA).

Last month, the agency had attached assets worth Rs 637 crore of Modi and his family members, including two apartments at New York’s iconic Central Park.

Sources in the agency said the Enforcement Directorate would soon get multiple letters rogatory (judicial requests) issued by a Mumbai court for the legal formalisation of the attachment of these assets in coordination with its counterpart in Dubai.

Choksi’s associate arrested in Kolkata

An executive of a firm linked to fugitive Mehul Choksi was arrested from Netaji Subhas Chandra Bose airport here by ED officials under the Prevention of Money Laundering Act, officials said on Tuesday. Deepak Kulkarni was arrested on Monday night in connection with the money-laundering probe in the $2-billion PNB fraud case when he landed there from Hong Kong.


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