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New Delhi, July 22
The Enforcement Directorate (ED) in the present day mentioned it had issued a provisional attachment order beneath provisions of the Prevention of Money Laundering Act (PMLA) to grab gems, jewelry and financial institution deposits price Rs 253.62 crore of firms linked to fugitive diamond service provider Nirav Modi as a part of its probe towards him in a financial institution fraud case.
The ED mentioned all these moveable belongings have been in Hong Kong. “Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewellery lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached,” the assertion learn.
Nirav Modi, 50, is presently lodged in a UK jail and has misplaced his extradition plea to India in reference to the $2-billion PNB fraud case that can be being investigated by the CBI.
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