--°C
Loading...
Listen to Article
2 min read
80%

\Digital Desk: In connection with a money laundering investigation, the Enforcement Directorate announced on Friday that it had seized gems, jewellery, and bank deposits belonging to businesses connected to the wanted diamond trader Nirav Modi totaling Rs 253.62 crore.

According to a statement from the agency, all of these movable items are in Hong Kong.

It stated that certain assets of the Nirav Modi group of companies in Hong Kong, including gems and jewellery found in private vaults and bank balances in accounts kept there, have been identified and have been provisionally attached in accordance with the Prevention of Money Laundering Act (PMLA) provisions.

The CBI is also looking into the USD $2 billion PNB fraud case, and Nirav Modi, 50, is currently being held in a UK jail after losing his extradition request to India.


FOLLOW US F
POPULAR
FEATURE
TRENDY
Nepal’s Gen Z Rises: 14 Killed in Mass Protest Over Corruption, Social Media Ban
Healing Through Harmony: The Mental Health Benefits of Music Therapy
ASMITA City Badminton League Set to Begin in Guwahati from 20th August
Lightning, Downpour, and Waterlogging: Guwahati Wakes Up to Stormy Morning
9 Unique Types of Water You Can Actually Drink – and What Makes Each Special
Happy Friendship Day 2025: Celebrating the Bonds That Unite Us