New Delhi, Feb 22: The Enforcement Directorate on Thursday froze shares and mutual funds worth Rs 94 crore belonging to Nirav Modi and Mehul Choksi’s group of companies as part of its ongoing probe into the Punjab National Bank (PNB) fraud case.
According to news agency ANI, out of Rs 94 frozen shares and mutual funds, Rs 86.72 crore belongs to Choksi and his group, and the rest are owned by the Modi group.
Besides this, the agency also seized nine cars which include a Rolls Royce Ghost, a Porsche Panamera, two Mercedes Benz GL 350 CDIs, three Honda cars, a Toyota Fortuner and a Toyota Innova.
Earlier on Wednesday, the Income Tax (IT) department attached Rs. 145.74 crore found in several bank accounts belonging to diamantaire Nirav Modi.
So far, the IT department has attached a total of 141 bank accounts / Fixed Deposits of the group.
Yesterday, the CBI sealed a luxury property of billionaire Nirav Modi in Alibaug area near Mumbai.
PNB detected the scam last week, wherein celebrity jewelry designer Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.
The state-owned lender registered two financial fraud complaints of Rs. 11400 crore and Rs 280 crore against Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.