• search

PNB fraud case: Fresh seizure of jewellery, watches from Nirav Modi's apartment

By PTI
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Mumbai/New Delhi, March 24: A fresh seizure of antique jewellery, costly watches and paintings of Amrita Sher-Gil and M F Hussain worth Rs 26 crore has been made by the ED from the sea-facing Mumbai apartment of diamantaire Nirav Modi in connection with the over Rs 12,000 crore PNB fraud case.

    Ring valued at Rs 10 crore. Courtesy: ANI news

    Officials said the Enforcement Directorate along with the CBI launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.

    Antique jewellery worth Rs 15 crore, costly watches valued at Rs 1.4 crore and paintings of acclaimed artists like Amrita Sher-Gil, M F Hussain and K K Hebbar valued at Rs 10 crore have been seized over the last three days under the Prevention of Money Laundering Act (PMLA), they said.

    A lone diamond ring in this cache is valued at Rs 10 crore, they added. The central probe agency has filed two money laundering FIRs against Nirav Modi and his uncle and Gitanjali Gems promoter Mehul Choksi to probe the alleged over Rs 1,200 crore fraud in the Punjab National Bank (PNB).

    The ED has also notified the Interpol for a global arrest warrant against the two as they have left India early this year and have not appeared before the agency after summonses were issued to them.

    A Mumbai special court has issued non-bailable warrants against them on the request of the ED. It has conducted a total of 251 country-wide searches in this case after it began the criminal probe against the accused in February. 

    The total seizure and attachment of diamond, gold, precious and semi-precious stones and other movable and immovable assets in the case stand at Rs 7,638 crore.

    PTI 

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more