 "Nirav Modi")
The Enforcement Directorate (ED) has recovered bank token devices of the foreign dummy companies used by the fugitive diamond trader to transfer the fraudulent funds.
The probe agency has found that Nehal Modi, brother of Nirav Modi has purportedly destroyed the these devices and even secure server located at United Arab Emirates (UAE) soonafter the scam broke out. These dummy firms have been receiving the fraudulent letters of undertakings (LoU) of Punjab National Bank (PNB) based out in British Virgin Island and other tax havens.
The enforcement agency has so far seized movable and immovable properties to the tune of
