The Enforcement Directorate (ED) has attached Nirav Modi Assets – valuables and jewelry worth Rs 255 crore in Hong Kong in connection with the $2 billion alleged fraud in PNB.
The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets.
“The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong-based companies controlled by him after the registration of the case (PNB money laundering) in India,” it said.
These valuables, diamonds and jewelry were lying in a logistics company vault in Hong Kong, the agency said.
“Details like value, consignee, shipper, ownership among others of these shipments were obtained during the investigation and after gathering the evidence of ownership and value of the goods, the same has been attached,” it said.
The value of the attached assets is $34.97 million or about Rs 2.55 bn at present, it said.
A court issued order will soon be sent to Hong Kong to formalise the PMLA attachment order, they said.
With this latest order, the total attachment in this case against the absconding diamantaire is about Rs 47.44 bn.