ED seizes Rs 51-bn assets of Nirav Modi, asks MEA to revoke his passport

Six properties sealed by the ED in Mumbai in Nirav Modi case; diamond, jewellery and gold have been seized during the searches

The Enforcement Directorate conducted searches in several properties linked to billionaire jewellery designer Nirav Modi in Mumbai, Delhi and Gujarat today, and seized diamond, jewellery and gold worth Rs 51 billion, officials said.

The raids came after the agency filed a Rs 2.8-billion money laundering case against Modi, his wife Ami, brother Nishal and business partner Mehul Choksi yesterday, following a complaint by Punjab National Bank.

ED officials, speaking on condition of anonymity, said five properties belonging to Modi and the other accused in Mumbai were sealed by the agency. ED also wrote to external affairs ministry to revoke passports