The Enforcement Directorate (ED) on Thursday, 11 July, provisionally attached properties worth Rs 24.77 crore, belonging to PNB scam accused Mehul Choksi, under the Prevention of Money Laundering Act, 2002 (PMLA).
The attached properties include three commercial assets based in Dubai, a Mercedes Benz car and a number of fixed deposits in bank accounts in the country and outside, the agency said.
A provisional order under the PMLA has been issued, the ED said in a statement.
Background of The Case
Fugitive diamond jeweller Choksi, diamantaire Nirav Modi and others are being investigated by the ED and other probe agencies in connection with the over Rs 13,000 crore PNB loan fraud and money laundering case.
The fraud came to light early last year after a complaint by the PNB that they allegedly cheated it to the tune of over Rs 13,000 crore, with the purported involvement of a few employees of the bank.
The CBI and the ED have registered two FIRs each to probe the case.
Choksi is at present based in the Caribbean nation of Antigua. India has sought his extradition from that country and an Interpol arrest warrant has also been issued against him.
(With inputs from PTI)
. Read more on India by The Quint.RSS & BJP’s Nehru-Netaji ‘Cosplay’: Irony Dies a Thousand Deaths‘Totally Outplayed’: Aus Captain Finch Says World Cup Exit Hurts . Read more on India by The Quint.