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 valued at Rs 14 million (Rs 1.40 crore) and paintings worth Rs 100 million (10 crore) that includes artworks by M F Hussain, K K Hebbar, Amrita Shergil. The ED also attached a diamond ring valued at Rs 100 million (Rs 10 crore). 3-day-long searches were conducted by CBI & ED at residential premises of #Nirav Modi at Samudra Mahal in Mumbai's Worli, starting from Fri.
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 valued at Rs 14 million (Rs 1.40 crore) and paintings worth Rs 100 million (10 crore) that includes artworks by M F Hussain, K K Hebbar, Amrita Shergil. The ED also attached a diamond ring valued at Rs 100 million (Rs 10 crore). 3-day-long searches were conducted by CBI & ED at residential premises of #Nirav Modi at Samudra Mahal in Mumbai's Worli, starting from Fri.