NEW DELHI: The Enforcement Directorate on Thursday has filed its first chargesheet in the Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his buddies, officers mentioned. The rip-off, which is the rustic's greatest banking fraud (over $2 billion), was unearthed at a Mumbai department of PNB.
The 12,000 web page chargesheet (prosecution criticism) has been filed before a special court docket in Mumbai beneath more than a few sections of the Prevention of Money Laundering Act (PMLA). It is also expected that the ED would file a 2nd chargesheet towards Nirav Modi's uncle and jeweller Mehul Choksi and his businesses.
Both Nirav and Choksi had left the rustic before the rip-off was detected.
The central probe company had hooked up property worth Rs 170 crore of Nirav Modi in reference to its money laundering probe.
Last week, the company had seized over 34,000 items of jewellery worth Rs 85 crore from Gitanjali Group, owned through Nirav Modi's uncle and jeweller Mehul Choksi, additionally wanted in this case.
According to knowledge until March, the ED had hooked up over Rs 7,600 crore worth of property of the entire accused in this case.
This case is being additionally being probed through the Central Bureau of Investigation (CBI) and other investigative companies. The CBI had early this month filed two price sheets in this case.
(With inputs from companies)
The 12,000 web page chargesheet (prosecution criticism) has been filed before a special court docket in Mumbai beneath more than a few sections of the Prevention of Money Laundering Act (PMLA). It is also expected that the ED would file a 2nd chargesheet towards Nirav Modi's uncle and jeweller Mehul Choksi and his businesses.
Both Nirav and Choksi had left the rustic before the rip-off was detected.
The central probe company had hooked up property worth Rs 170 crore of Nirav Modi in reference to its money laundering probe.
Last week, the company had seized over 34,000 items of jewellery worth Rs 85 crore from Gitanjali Group, owned through Nirav Modi's uncle and jeweller Mehul Choksi, additionally wanted in this case.
According to knowledge until March, the ED had hooked up over Rs 7,600 crore worth of property of the entire accused in this case.
This case is being additionally being probed through the Central Bureau of Investigation (CBI) and other investigative companies. The CBI had early this month filed two price sheets in this case.
(With inputs from companies)
PNB scam: ED files first chargesheet against Nirav Modi, associates
![PNB scam: ED files first chargesheet against Nirav Modi, associates]()
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May 24, 2018
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