New Delhi: The Enforcement Directorate today said it has seized valuables worth over Rs 36 crore of absconding diamond jeweller Nirav Modi in connection with an ongoing probe into the Rs 12,600 crore Punjab National Bank (PNB) fraud case.
An ED officer said joint searches with the CBI had been carried from Thursday to early Saturday at Nirav Modi's palatial "Samudra Mahal" home in Mumbai.
The items seized included Rs 10 crore diamond ring, antique jewellery worth Rs 15 crore, high-end watches valued at Rs 1.40 crore, Rs 10 crore worth paintings by top artists including MF Hussain, KK Hebbar and Amrita Shergil.
The searches were conducted as part of a money trail by the ED and CBI after cases were registered against Nirav Modi and his business partner and uncle Mehul Choksi of the Gitanjali Group for defrauding the banks.
Mr Choksi and Mr Modi left India in January, a month before PNB filed its first complaint against them. They are still at large.
So far, the ED has carried out searches at 251 properties across the country and seized diamond, gold, pearls, precious and semi-precious stones.
The ED said it has attached immovable properties belonging to their business groups to the tune of Rs 7,638 crore.
An ED officer said joint searches with the CBI had been carried from Thursday to early Saturday at Nirav Modi's palatial "Samudra Mahal" home in Mumbai.
The items seized included Rs 10 crore diamond ring, antique jewellery worth Rs 15 crore, high-end watches valued at Rs 1.40 crore, Rs 10 crore worth paintings by top artists including MF Hussain, KK Hebbar and Amrita Shergil.
So far, the ED has carried out searches at 251 properties across the country and seized diamond, gold, pearls, precious and semi-precious stones.
Advertisement
COMMENTS
Advertisement
Madras High Court's Big Rebuke To Probe Agency In Illegal Sand Mining Row Bihar IAS Officer, Ex Lalu Yadav Party MLA Raided In Money Laundering Case Enforcement Directorate Can't Arrest People As Per Whims And Fancies: Supreme Court 'Entire NEET Paper Solved In 45 Minutes Before Exam?': Top Court To Centre "Had God On My Side": Donald Trump Recounts Being Shot At During Rally 32 Dead In Bangladesh Unrest, Protesters Set Fire To State TV Headquarters Google Brings AI To US Broadcast Of Paris Olympics Video: Children Jump On E-Rickshaw, Chase Foreigners For Money In Delhi "Every Time I Try To Eat Healthy" - Video Creator's Editing Skills Amaze Internet Track Latest News Live on NDTV.com and get news updates from India and around the world.