Through PTI
NEW DELHI: The Enforcement Directorate Friday stated it has connected gemstones, jewelry and financial institution deposits value Rs 253.62 crore of businesses connected to fugitive diamond service provider Nirav Modi as a part of a cash laundering probe.
These kinds of portable property are in Hong Kong, the company stated in a remark.
Some property of Nirav Modi team of businesses in Hong Kong had been known within the type of gemstones and jewelleries mendacity in non-public vaults and financial institution balances in accounts maintained there and those were provisionally connected below sections of the Prevention of Cash Laundering Act (PMLA), it stated.
Nirav Modi, 50, is right now lodged in a UK prison and has misplaced his extradition plea to India in reference to the USD 2-billion PNB fraud case that also is being investigated by means of the CBI.
NEW DELHI: The Enforcement Directorate Friday stated it has connected gemstones, jewelry and financial institution deposits value Rs 253.62 crore of businesses connected to fugitive diamond service provider Nirav Modi as a part of a cash laundering probe.
These kinds of portable property are in Hong Kong, the company stated in a remark.
Some property of Nirav Modi team of businesses in Hong Kong had been known within the type of gemstones and jewelleries mendacity in non-public vaults and financial institution balances in accounts maintained there and those were provisionally connected below sections of the Prevention of Cash Laundering Act (PMLA), it stated.
Nirav Modi, 50, is right now lodged in a UK prison and has misplaced his extradition plea to India in reference to the USD 2-billion PNB fraud case that also is being investigated by means of the CBI.