ED attaches 21 immovable properties of Nirav Modi worth over Rs 520 Cr

nirav-modiBy Accommodation Times Bureau


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.”

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