Raigad (Maharashtra), March 8: Authorities here on Friday carried out a controlled blast to blow up the luxurious beach bungalow of fugitive jweller Nirav Modi, one of the prime accused in the multicrore Punjab National Bank fraud case.
As per the reports, more than 100 dynamite sticks were strategically placed within and outside the 33,000 sq. feet bungalow near the Kihim Beach, and the first of the blast took place at 11.15 a.m. amid tight security.
Few days ago, detonators were fixed at various points on the bungalow to conduct the controlled-blast and bring it down.
On January 25, the collectorate had began the demolition process using bulldozers, excavators and other manually-operated equipment, but it proved to be a slow process.
Attached by the Enforcement Directorate (ED) in December last year, the bungalow was stripped off all its valuables, art works, paintings and other expensive items.
Modi, along with his uncle and Gitanjali Gems promoter Mehul Choksi and others, are the key accused and fugitives in the Rs 14,000-crore Punjab National Bank (PNB) fraud detected in February 2018.
Though the Alibag bungalow was not directly linked with the bank scam, it was attached by the ED along with his known properties in Maharashtra, Gujarat and other places in a bid to recover a part of the dues from Modi.
The demolition process followed orders of the Bombay High Court in a Public Interest Litigation filed by NGO Shamburaje Yuva Kranti (SYK), seeking action against several illegal bungalows, hotels and resorts violating the high tide and low tide zones in small villages dotting the beaches of Raigad.