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PMLA court orders seizure of Nirav Modi's assets worth Rs 1,400 crore

Court also allows banks to lay claims for secured assets out of these confiscated assets

Topics
PMLA case | Nirav Modi case | Fugitive Economic Offenders

Pavan Lall & Shrimi Choudhary  |  Mumbai/New Delhi 



Nirav Modi
Modi is presently in custody at Wandsworth prison in the UK awaiting extradition trial scheduled for September.

A special (Prevention of Act) court on Monday issued an order confiscating assets worth Rs 1,400 crore owned by fugitive diamond jeweller .

This is the first ever order on confiscation of an offender’s property, under the newly created (FEO) Act, 2018.

Nirav is in custody at Wandsworth prison in the UK, awaiting an extradition trial scheduled for September.

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First Published: Mon, June 08 2020. 21:34 IST

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