Adding to the increasing amounts of twists and turns in the Nirav Modi and uncle Mehul Choksi – PNB Scam, here’s one more addition by the Enforcement Directorate. Both the jewellery merchants seem to be getting into a deeper pit under the NDA Government.
The Enforcement Directorate (ED) on Thursday said it has attached 41 properties, valued at over Rs 1,200 crore, in connection with its money laundering probe in the PNB scam against Gitanjali Gems and its promoter Mehul Choksi. The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
Here’s the complete list of property seized:
• 15 flats and 17 office premises in Mumbai
• A mall in Kolkata
• A four-acre farm house in Alibaug
• 231 acres of land at locations like Nasik, Nagpur, Panvel and Villupuram in Tamil Nadu
• 170-acre park in Hyderabad’s Ranga Reddy district valued at over Rs 500 crore
• Four flats in Borivali (east) area, nine others in Khemu Towers in Santacruz (East) at Mumbai
“The total value of the 41 seized assets controlled by Choksi is estimated at Rs 1,217.2 crore,” the ED said.
Pictures of #MehulChoksi's properties attached by ED, total of 41 properties worth Rs 1217.20 cr attached, which include,15 flats & 17 offices in Mumbai, M/s Hyderabad Gems SEZ in Andhra Pradesh, shopping mall in Kolkata, farm house in Alibaug & 231 acres land in Maha& TN. pic.twitter.com/SN442ytmVv
— ANI (@ANI) March 1, 2018
The scam seems to be much bigger than we initially estimated it to be. The amount of property possessed by both the diamond merchants Nirav Modi and his uncle Mehul Choksi seems to be never ending. Each day there seems to be a new twist to the case.
The investigation has shown that the scam may be far larger than just the Letters of Undertaking (LoU) aspect, perhaps in excess of Rs. 25,000 crore. Sources have also revealed that these scams have a deeper link and lead to the Dongri- Dubai underworld, Don Dawood Ibrahim. The PNB scam is connected to the most wanted gangster and his aides who look after his dealings in Mumbai. The links of the scam are pointing towards both the Congress government as well as the D- company gang.
Mehul Choksi and designer diamond jewellery businessman Nirav Modi and other Punjab National Bank authorities involved in the scam are being investigated by the ED and other probe agencies after the bank fraud recently came to light, following a complaint by the PNB that they allegedly cheated the nationalized bank to the tune of ₹12,000 crore, with the purported involvement of a few employees of the bank.
The CBI and the ED have registered two FIR’s each to probe the case. Both Choksi and Modi are said to have left the country before criminal cases were lodged against them. They have, however, denied any wrong doing. The ED, a central probe agency under the union finance ministry, is investigating if the allegedly defrauded bank funds were laundered and proceeds of crime were subsequently used by the accused to create illegal assets and black money.
Source: Times of India