22 July,2022 06:37 PM IST | New Delhi | PTI
Nirav Modi. File Photo
The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money-laundering probe.
All these moveable assets are in Hong Kong, the agency said in a statement.
Also Read: Nirav Modi's sister seeks ED intervention in bankruptcy proceedings against him in US
Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), it said.
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Nirav Modi, 50, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is also being investigated by the CBI.
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