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ED attaches assets worth Rs 6.37 bn of Nirav Modi, family in 5 countries

The assets have been attached as part of five separate orders issued by the central probe agency

Press Trust of India  |  New Delhi 

Nirav Modi
File photo of Nirav Modi

Initiating a fresh round of action, the Monday said it has attached assets worth Rs 6.37 billion of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the $2 billion alleged fraud in the

The agency said the properties, jewellery, flats and bank balances are in India, UK and New York among others,.

There are only very few cases where Indian agencies have attached assets abroad in a criminal probe.

The assets have been attached as part of five separate orders issued by the central probe agency under the (PMLA), it said.

The agency, a senior official said, also got issued an Interpol Red Corner notice (global arrest warrant) against Aditya Nanavati, an accused in the same case, on charges of money laundering.

Nirav Modi and his uncle are the main accused in the case where it is alleged that the two diamond jewellery businessmen allegedly duped and defrauded the Brady House branch of the Bank in Mumbai for an amount of $2 billion (about 130 billion) in purported connivance with bank officials.

First Published: Mon, October 01 2018. 10:50 IST
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