PNB scam: ED seizes shares, 9 luxury cars of Nirav Modi
Enforcement Directorate on Thursday seized shares and mutual funds worth Rs 94 crore of Nirav Modi and Mehul Choksi groups in connection with the alleged Rs 11,380-crore scam involving Punjab National Bank.
Also, nine luxury cars of Nirav Modi have been seized. These cars include: One Rolls Royce Ghost, two Mercedes Benz models GL 350 CDI, Porsche Panamera, three Honda cars, one Toyota Fortuner and Toyota Innova.
The law enforcement agency also seized mutual funds and shares worth Rs 7.80 Crore of Nirav Modi and worth Rs 86.72 crore of those belonging to Mehul Choksi Group.
ED seized 9 cars belonging to #NiravMod and his companies. These cars include one Rolls Royce Ghost, two Mercedes Benz GL 350 CDIs, one Porsche Panamera, 3 Honda cars, one Toyota Fortuner and one Toyota Innova. pic.twitter.com/Kfx0rkPrIW— ANI (@ANI) February 22, 2018
On Wednesday, the agency has raided 17 locations across India including four shell companies in Mumbai, reported PTI.
While the ED seized assets worth Rs 10 crore on Wednesday, the tax department said it has attached a total of 141 bank accounts and fixed deposits worth Rs 145.74 crore of the Nirav Modi group. The department said it has attached these assets to realise outstanding tax demands.
The CBI and the ED have registered two FIRs each to probe the case. Both Modi and Choski are said to have left the country before criminal cases were lodged against them.
(With agency inputs)