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ED attaches Nirav Modi's foreign assets worth Rs 637 cr

IANS  |  New Delhi 

The (ED) said on Monday it has attached foreign properties of worth Rs 637 crore, including two apartments in New Yorks Central Park, in its ongoing investigation into the (PNB) fraud case.

A senior ED said the agency had been working in close coordination with other foreign agencies in order to identify and attach foreign properties of in various locations.

The attached properties were in the form of jewellery, and immovable properties. Among them are two apartments worth Rs 216 crore in New York's popular Central Park, which are registered in the name of Nirav Modi, the agency said.

Meanwhile, a flat worth Rs 56.97 crore on Marylebone road in has also been attached, of which the beneficial owner is Nirav Modi's sister Purvi Modi, a Belgian national.

The agency also attached five containing over Rs 278 crore, belonging to Nirav Modi, Purvi and others in the case.

The said that it had brought diamond jewellery worth Rs 22.69 crore back to from Hong Kong.

According to the ED, a stock of jewellery was exported to Hong Kong after a case was registered against by the (CBI) in January. This was kept in a vault of a private company in Hong Kong on behalf of Nirav Modi.

"The agency contacted the company and its headquarters and after much persuasion and follow up, it successfully brought back the jewellery to India," the said.

He also said that the stock value of the jewellery was around Rs 85 crore and the jewellery was sent to Hong Kong by of Companies. On independent valuation, the value of jewellery came to Rs 22.69 crore.

The ED has also attached a flat in south worth Rs 19.5 crore which was in sister Purvi's name.

The official said the flat was purchased by Purvi in 2017 and the deed was signed by Nirav Nodi's brother Neeshal, who is also a Belgian national and who held a power of

"But the consideration of the flat was paid by Purvi through her account maintained in Singapore," the official said.

has issued an Red Corner Notice against Nirav Modi, Neeshal, Purvi and his

On Monday, Interpol, at the request of the CBI and ED, issued a Red Corner Notice against Nirav Modi's trusted official,

Nanavati used to of Firestar Diamond's business in Hong Kong. It is learnt that he is also in

Nirav Modi and his uncle of are under probe by both the CBI and ED. The ED had on May 24 and 26 filed charge-sheets against both. Non-bailable warrants have been issued against them.

Nirav Modi left before the scam was reported to the CBI.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, October 01 2018. 15:08 IST
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