ED seizes property worth ₹151 crore of fugitive businessman Mehul Choksi

Mehul Choksi is the co-owner of Gitanjali Jewelers and is also related to Nirav Modi, the main accused of ₹13,000 crore PNB scam

SHARE


Enforcement Directorate (ED) seized the property of the Punjab National Bank (PNB) scam co-accused Mehul Choksi and his Gitanjali Group of worth ₹151 crore. ED carried out this action under the Prevention of Money Laundering Act, 2002. 

Choksi is the co-owner of Gitanjali Jewelers and is also related to  Nirav Modi, the main accused of ₹13,000 crore PNB scam. 

Earlier, ED has auctioned the seized 13 luxury cars which once belonged to Nirav Modi and Mehul Choksi. This auction was carried out online and was organised by the Metal and Scrap Trading Corporation (MSTC) in Mumbai. Along with this, ED has auctioned several expensive paintings which were found in the properties owned by Nirav Modi in Alibaug and Worli. 

Also Read - Zakir Naik Transferred ₹49 Crore Without Having Any Income: ED

After the PNB scam was exposed, Nirav Modi went to London while Choksi took asylum in Antigua. However, Modi was arrested by London police and the court on Wednesday rejected his bail plea. The Indian government is trying to extradite both the accused from the respective countries. 

RELATED TOPICS