Home News Reports Enforcement Directorate attaches Mehul Choksi's assets worth over Rs 200 crore

Enforcement Directorate attaches Mehul Choksi’s assets worth over Rs 200 crore

The Enforcement Directorate committed to bringing down the fugitives in the nearly Rs 13,000 crore PNB loan fraud case, has on Wednesday, seized assets worth over Rs 218 crore.

As per the ED officials, absconding diamond jeweller Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused in the case Nirav Modi, and a company named AP Gems and Jewellery Park are the beneficiaries whose assets have been put under scanner according to the three provisional orders under the Prevention of Money Laundering Act (PMLA). The orders were issued by the central investigative agency’s zonal office in Mumbai for attachment of the properties in India and abroad.

The total value of the attached and seized assets is Rs 218.46 crore, ED sources said.

- Ad - - article resumes -

The Enforcement Directorate (ED), in what is being seen as another massive crackdown, had on October 1 attached multiple overseas assets of Nirav Modi.

According to reports, earlier real estate properties in New York City and London had been attached and jewellery worth Rs 22.69 crores has been brought back to India from Hong Kong. The ED has also reportedly seized foreign bank accounts of the absconding Diamond tycoon. The total worth of the immovable assets, jewellery and bank accounts are reported to be around Rs 637 crores.

Nirav Modi, his uncle Mehul Choksi and others are being probed under various criminal laws after the Indian financial sector was rocked by a startling revelation of a fraud this year following a complaint by the Punjab National Bank (PNB). According to the public sector bank, the fugitives had allegedly cheated the nationalised bank to the tune of over Rs 13,000 crore, with the purported involvement of a few employees of the bank.

The Enforcement Directorate in May had moved the special court in Mumbai requesting permission for ‘immediate confiscation’ of about 7000 crores worth assets of designer diamond jeweller Nirav Modi under the recently annunciated ‘Fugitive Economic Offenders Ordinance’.

The ED had also then sought an official declaration to categorize Nirav Modi a ‘fugitive’ based on the charge sheet filed before a special court in Mumbai under the Prevention of Money Laundering Act (PMLA).

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Interview: Former RAW officer makes further shocking revelations about Hamid Ansari after alleging that he endangered lives of RAW officers in Iran

In this exclusive interview, Former RAW (Research and Analysis Wing) officer NK Sood makes further revelations about his time in Iran, Hamid Ansari and the vilified scientist Nambi Narayanan

Kapil Sibal claims Barkha Dutt was sacked before her tweets, won’t be paid anymore, Barkha says Sibal is lying

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 
Tiranga TV boots its employees: Here is why they don't deserve any sympathy

I am a journalist and here is why I have absolutely no sympathy for the ones who joined Tiranga TV

News emerged last night that bouncers had been sent to the offices of Tiranga TV as the employees were holding a silent protest in the premises.

Prime Minister Modi, Hindus are under siege, and now is the right time to speak up

PM Modi will still win elections due to sheer inertia and the pathetic state of the country's opposition but the faith that he commands will take a hit and even if it's among a small section of the support base, it would be a travesty
Supreme court judgements - regional languages

Here are 7 bizarre judgments by the Indian Judiciary that highlight the need for urgent reforms

It's not the first time that the rather bizarre tendencies of the Indian Judiciary have been on display. In this article, we revisit some of them.

Conversion at Karnataka High Court? Islamic proselytising organisation distributed Quran among judges and advocates

Salaam Centre engages in 'Dawah' or the Islamic practice of converting non-Muslims to Muslim.
Image Source: Newstate

Campaign to raise funds for Richa Bharti, who was ordered to distribute Quran by Ranchi court, surpasses target within hours

A 19-year old college student, Richa Bharti was ordered to distribute 5 copies of Quran as a condition of bail by the Ranchi court

Aspiring model Khushi Parihar murdered over ‘friendship with other men’, live-in partner Ashraf Sheikh arrested

Aspiring model Khushi Parihar was found murdered with her head and face smashed on Saturday morning at Chatarpur farms, around 50 KMs away from the Nagpur city, her live-in partner Ashraf Sheikh has been arrested

Jharkhand: Hindu organisations allege bias as girl is arrested for Facebook post on Tabrez Ansari death based on FIR by Islamia committee

Acting on a complaint by the Anjuman Islamia Committee in Pithoria district, Ranchi, over a Facebook post on the Tabrez Ansari death, the Jharkhand police have today arrested a girl named Richa Bharti.
Kapil Sibal backed Tiranga TV senior producer accused of sexual harassment

Tiranga TV in yet another controversy: Girl accuses senior producer of sexual harassment, makes lewd chats public

A girl has accused the senior producer of Kapil Sibal backed Tiranga TV of sexual harassment. Himanshi Gupta took to Twitter to make lewd WhatsApp chats public.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,547FansLike
158,572FollowersFollow
74,790SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post