On Saturday the Enforcement Directorate (ED) attached 21 properties, of Nirav Modi including a farmhouse, a penthouse and his group worth over Rs 523 crore.
Under the Prevention of Money Laundering Act (PMLA), the central probe agency issued a provisional order for attachment of the assets and seized a flat worth Rs 15.45 crore in the sea-facing Samudra Mahal apartments in the Worli area of Mumbai and a penthouse valued Rs 81.16 crore.
The central probe agency said, “21 immovable properties of Nirav Modi and companies controlled by him, with a market value of Rs 523.72 crore, have been provisionally attached.These include 6 residential properties, ten office premises, 2 flats in Pune, a solar power plant, a farmhouse in Alibaug and 135 acres of land in Karjat in Ahmednagar district.”
The Samudra Mahal properties and two other flats in Pune’s Hadapsar area are in the name of Modi and his wife Ami. While the assets attached in the expensive Opera House and Kalaghoda are in Mumbai in the name of Firestarter Diamond International Private Limited a Modi’s diamond firm.
The agency has also attached a 53-acre solar power plant, in the Karjat area of Ahmednagar district of the state, valued at Rs 70 crore.
It also attached worth about Rs 80 crore, two office properties, in the name of Mark Business Enterprises Private Limited in Lower Parel area of Mumbai.
The officials claimed that with the latest action the total assets seized by the ED in this are now over Rs 6,393 crore.
For questioning in the case on 26th February, the agency has also summoned Modi, Ami and Modi’s uncle and Gitanjali Gems promoter Mehul Choksi.
ED and other investigation agencies are been investigating Modi, Choksi and others after the fraud recently came to light. The Punjab National Bank (PNB) complaint that they allegedly cheated the bank to the tune of Rs 11,400 crore, with the claimed involvement of a few employees of the bank.
The Central Bureau of Investigation (CBI) and the ED have logged two FIRs each to investigate the case.