The Enforcement Directorate (ED) on Monday provisionally attached assets worth over Rs 170 crore of fugitive diamond jeweller Nirav Modi in connection with the Rs 13,400 crore fraudulent transactions at state-owned Punjab National Bank (PNB).
The provisional attachments have been done under the stringent Prevention of Money Laundering Act (PMLA) and will have to be confirmed by the adjucating authority. The attached assets of Modi include four properties owned by Modi’s firms Firestar International Pvt Ltd and Paundra Enterprises Pvt Ltd in Mumbai and Surat worth Rs 72 crore. Out of these four, the most expensive property attached by the agency includes the HCL House in Andheri in suburban Mumbai priced at a fair market value of around Rs 63 crore.

The Enforcement Directorate (ED) on Monday provisionally attached assets worth over Rs 170 crore of fugitive diamond jeweller Nirav Modi in connection with the Rs 13,400 crore fraudulent transactions at state-owned Punjab National Bank (PNB).
The provisional attachments have been done under the stringent Prevention of Money Laundering Act (PMLA) and will have to be confirmed by the adjucating authority. The attached assets of Modi include four properties owned by Modi’s firms Firestar International Pvt Ltd and Paundra Enterprises Pvt Ltd in Mumbai and Surat worth Rs 72 crore. Out of these four, the most expensive property attached by the agency includes the HCL House in Andheri in suburban Mumbai priced at a fair market value of around Rs 63 crore.