NEW DELHI: The Enforcement Directorate (ED) on Thursday mentioned it has connected 41 houses, valued at over Rs 1,200 crore, in reference to its money laundering probe within the PNB scam against Gitanjali Gems and its promoter Mehul Choksi.
The central probe company issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
The connected belongings include 15 residences and 17 office premises in Mumbai, a mall in Kolkata, a four-acre farm house in Alibaug and 231 acres of land at places like Nasik, Nagpur, Panvel and Villupuram in Tamil Nadu.
A 170-acre park in Hyderabad's Ranga Reddy district valued at over Rs 500 crore has additionally been connected, it mentioned.
Four residences in Borivali (east) area of the Maharashtra capital and 9 others in Khemu Towers in Santacruz (east) were connected as a part of the motion.
"The total value of the 41 seized assets controlled by Choksi is estimated at Rs 1,217.2 crore," the ED mentioned.
Choksi, clothier diamond jewelry businessman Nirav Modi and others are being investigated via the ED and different probe businesses after the bank fraud just lately got here to light, following a criticism via the PNB that they allegedly cheated the nationalised bank to the track of Rs 12,000 crore, with the purported involvement of a couple of workers of the bank.
The CBI and the ED have registered two FIRs each and every to probe the case. Both Choksi and Modi are mentioned to have left the country before criminal instances have been lodged against them. They have, then again, denied any wrongdoing.
The ED, a central probe company under the union finance ministry, is investigating if the allegedly defrauded bank finances have been laundered and proceeds of crime have been due to this fact utilized by the accused to create illegal belongings and black money.
The central probe company issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
The connected belongings include 15 residences and 17 office premises in Mumbai, a mall in Kolkata, a four-acre farm house in Alibaug and 231 acres of land at places like Nasik, Nagpur, Panvel and Villupuram in Tamil Nadu.
A 170-acre park in Hyderabad's Ranga Reddy district valued at over Rs 500 crore has additionally been connected, it mentioned.
Four residences in Borivali (east) area of the Maharashtra capital and 9 others in Khemu Towers in Santacruz (east) were connected as a part of the motion.
"The total value of the 41 seized assets controlled by Choksi is estimated at Rs 1,217.2 crore," the ED mentioned.
Choksi, clothier diamond jewelry businessman Nirav Modi and others are being investigated via the ED and different probe businesses after the bank fraud just lately got here to light, following a criticism via the PNB that they allegedly cheated the nationalised bank to the track of Rs 12,000 crore, with the purported involvement of a couple of workers of the bank.
The CBI and the ED have registered two FIRs each and every to probe the case. Both Choksi and Modi are mentioned to have left the country before criminal instances have been lodged against them. They have, then again, denied any wrongdoing.
The ED, a central probe company under the union finance ministry, is investigating if the allegedly defrauded bank finances have been laundered and proceeds of crime have been due to this fact utilized by the accused to create illegal belongings and black money.
PNB fraud: ED attaches Rs 1,217 crore assets of Mehul Choksi group
![PNB fraud: ED attaches Rs 1,217 crore assets of Mehul Choksi group]()
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March 02, 2018
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