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PNB scam: ED, CBI raid Nirav Modi's Mumbai home, seize Rs 250-mn properties

It seized Nirav Modi's antique jewellery, high-end watches, painting by M F Hussain, diamond ring

Nirav Modi
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Indian jeweller Nirav Modi poses during the launch of his store in Mumbai | Photo: Reuters

IANS
The Enforcement Directorate (ED) on Saturday said that it has attached properties worth Rs 250 million (Rs 25 crore) of diamond jeweller Nirav Modi in connection with its ongoing probe into the Rs 135 billion (Rs 13,540 crore) PNB fraud case.

An ED official told IANS that the searches were carried out on Thursday at Nirav Modi's palatial residence 'Samudra Mahal' in Mumbai along with a Central Bureau of Investigation (CBI) team.

The official also said that the searches continued till Saturday morning and resulted in the seizure of antique jewellery worth Rs 150 million (Rs 15 crore), high-end watches