PNB scam: Govt moves NCLT to freeze assets of Nirav Modi, Choksi firms

The government may take the Satyam fraud route in Gitanjali case as well

The Ministry of Corporate Affairs (MCA) on Friday filed a petition against Gitanjali Gems, a listed firm promoted by Mehul Choksi, and other companies belonging to both Choksi and Nirav Modi in the National Company Law Tribunal (NCLT), Mumbai.

The petition sought attachment of all assets of the 114 companies promoted by the two jewellers and their families, who are alleged beneficiaries in the Rs 114 billion Punjab National Bank (PNB) fraud case. 

According to a ministry source, it has sought ex-parte relief, which is typically meant for extraordinary circumstances. MCA officials along with the ministry’s joint legal director were