NEW DELHI: A initial evaluation via the income tax (I-T) department in the Nirav Modi case suggests that of the 29 properties connected a few days in the past, six flats owned via Nirav and his wife at Samudra Mahal in Worli, Mumbai, on my own have been price over Rs 900 crore, while the whole value of the properties connected runs into thousands of crores.
All the six sea-facing flats at Samudra Mahal are registered collectively in the names of Nirav and wife Ami Modi, with every estimated to be price over Rs 150 crore, a most sensible I-T professional mentioned. The couple also collectively own 4, Grosvenor House, on Mumbai’s Peddar Road, which is likely one of the 29 properties connected via the I-T department.
Nirav’s Firestar International Pvt Ltd is the owner of 15 high-value immovable belongings in Mumbai, together with a business belongings at Bandra Kurla Complex; a flat at Prasad Chambers in Opera House; ITTS House at Kala Ghoda in Fort Mumbai; a flooring in Trade Point, Lower Parel, Kamala Mills; Army Navy Press building at MIDC, Andheri. Firestar also owns a area in Delhi’s Defence Colony. The I-T department has sought information from authorities in the Bahamas, Singapore and Jersey on Nirav’s MonteCristo Trust (registered in Jersey) and some suspicious financial transactions from these tax havens.
Tax authorities are investigating two transactions — Rs 284 crore received via certainly one of Nirav’s corporations in India from Jade Bridge Holdings Pvt Ltd, Cyprus, and any other Rs 271 crore received from Singapore-based Islington International Holdings. A probe found that the advisable proprietor of Islington International is Nirav’s sister Purvi Mehta.
Nirav and Ami also collectively own two properties in Hadaspar, Pune, while Firestar owns massive plots at particular financial zones (SEZs) in Jaipur and Surat, but even so different properties in these towns.
On Saturday, the I-T department had connected seven properties of Mehul Choksi, Nirav’s industry spouse and a co-accused in the Rs 11,300 crore Punjab National Bank swindle. The properties include three registered in his title in Mumbai — ninth and 10th floors at Gokul in Walkeshwar and two flats at Spring Tower in Wadala.
Choksi’s different connected properties are registered in the title of his corporations Gitanjali Gems Ltd and Gili India Ltd at Prasad Chambers, Opera House; Laxmi Tower in Bandra Kurla Complex and two properties at Seepz in Andheri East.
The I-T department has also connected 9 financial institution accounts of Choksi, and 105 of Nirav and his corporations. Before the I-T department connected these accounts, Choksi controlled to take out money from most of them and several accounts have been found to have zero steadiness.
For instance, Gitanjali Gems Ltd had an account every in Allahabad Bank, IndusInd Bank and Oriental Bank in Mumbai. Two of these accounts had zero steadiness while the third had a debit steadiness of Rs 2.29 crore. Choksi’s private accounts in IndusInd Bank and Bank of Baroda had a steadiness of Rs 7.74 lakh and Rs 34,474 respectively. His third account in Bank of Baroda is dormant. Gili India has two accounts, at Axis Bank and Kotak Mahindra Bank, with a steadiness of Rs 40 lakh and zero, respectively. Choksi’s corporate Nakshatra World Ltd, formerly referred to as Gitanjali Brands Ltd, had its account on the Nariman Point branch of ICICI, with a steadiness of Rs 33.93 lakh on the time of attachment.
All the six sea-facing flats at Samudra Mahal are registered collectively in the names of Nirav and wife Ami Modi, with every estimated to be price over Rs 150 crore, a most sensible I-T professional mentioned. The couple also collectively own 4, Grosvenor House, on Mumbai’s Peddar Road, which is likely one of the 29 properties connected via the I-T department.
Nirav’s Firestar International Pvt Ltd is the owner of 15 high-value immovable belongings in Mumbai, together with a business belongings at Bandra Kurla Complex; a flat at Prasad Chambers in Opera House; ITTS House at Kala Ghoda in Fort Mumbai; a flooring in Trade Point, Lower Parel, Kamala Mills; Army Navy Press building at MIDC, Andheri. Firestar also owns a area in Delhi’s Defence Colony. The I-T department has sought information from authorities in the Bahamas, Singapore and Jersey on Nirav’s MonteCristo Trust (registered in Jersey) and some suspicious financial transactions from these tax havens.
Tax authorities are investigating two transactions — Rs 284 crore received via certainly one of Nirav’s corporations in India from Jade Bridge Holdings Pvt Ltd, Cyprus, and any other Rs 271 crore received from Singapore-based Islington International Holdings. A probe found that the advisable proprietor of Islington International is Nirav’s sister Purvi Mehta.
Nirav and Ami also collectively own two properties in Hadaspar, Pune, while Firestar owns massive plots at particular financial zones (SEZs) in Jaipur and Surat, but even so different properties in these towns.
On Saturday, the I-T department had connected seven properties of Mehul Choksi, Nirav’s industry spouse and a co-accused in the Rs 11,300 crore Punjab National Bank swindle. The properties include three registered in his title in Mumbai — ninth and 10th floors at Gokul in Walkeshwar and two flats at Spring Tower in Wadala.
Choksi’s different connected properties are registered in the title of his corporations Gitanjali Gems Ltd and Gili India Ltd at Prasad Chambers, Opera House; Laxmi Tower in Bandra Kurla Complex and two properties at Seepz in Andheri East.
The I-T department has also connected 9 financial institution accounts of Choksi, and 105 of Nirav and his corporations. Before the I-T department connected these accounts, Choksi controlled to take out money from most of them and several accounts have been found to have zero steadiness.
For instance, Gitanjali Gems Ltd had an account every in Allahabad Bank, IndusInd Bank and Oriental Bank in Mumbai. Two of these accounts had zero steadiness while the third had a debit steadiness of Rs 2.29 crore. Choksi’s private accounts in IndusInd Bank and Bank of Baroda had a steadiness of Rs 7.74 lakh and Rs 34,474 respectively. His third account in Bank of Baroda is dormant. Gili India has two accounts, at Axis Bank and Kotak Mahindra Bank, with a steadiness of Rs 40 lakh and zero, respectively. Choksi’s corporate Nakshatra World Ltd, formerly referred to as Gitanjali Brands Ltd, had its account on the Nariman Point branch of ICICI, with a steadiness of Rs 33.93 lakh on the time of attachment.
Nirav Modi case: 6 Samudra flats worth Rs 900 crore
![Nirav Modi case: 6 Samudra flats worth Rs 900 crore]()
Reviewed by Kailash
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February 20, 2018
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