Tuesday, November 04, 2025 | 10:52 PM ISTहिंदी में पढें

Home / Finance / News / PNB scam: ED raids Nirav Modi, Gitanjali Gems, seizes Rs 51 bn in jewellery

PNB scam: ED raids Nirav Modi, Gitanjali Gems, seizes Rs 51 bn in jewellery

The search operation came after the agency filed a Rs 2.8-billion money laundering case against Modi; his wife, Ami; brother Nishal; and Choksi on Wednesday, following a complaint by PNB

Punjab national bank, PNB, Enforcement Directorate (ED), Prevention of Money Laundering Act (PMLA), diamond merchant nirav modi, jewellery designer nirav modi, PNB 11400 crore scam,PNB scam,pnb share prices,pnb stock prices, punjab national bank mumb

premium

Security guards wait outside the showroom of Nirav Modi as Enforcement Directorate team raids his showroom and office at Kala Ghoda in Mumbai Photo: PTI

Shrimi Choudhary Mumbai

Last Updated : Feb 16 2018 | 1:04 PM IST

The Enforcement Directorate (ED) on Thursday conducted searches in 17 properties linked to billionaire jewellery designer Nirav Modi and his maternal uncle and business partner Mehul Chinubhai Choksi’s firm Gitanjali Gems across India in a case of fraud, and seized diamond, gold, and jewellery worth

Rs 51 billion.

Agency sleuths searched Modi’s residence in Kurla (Mumbai), jewellery boutique in the Kala Ghoda area (Mumbai), three company offices in Bandra and Lower Parel (Mumbai), three premises in Surat, and his showrooms in Chanakyapuri and Defence Colony (New Delhi).

ALSO READ: PNB scam: Will honour bona fide commitments, says bank