New Delhi: The Enforcement Directorate (ED) Thursday said it has frozen mutual funds and shares worth Rs94.52 crore of the Nirav Modi and Mehul Choksi groups in connection with a money-laundering probe against them in the Rs11,400-crore alleged fraud at the Punjab National Bank (PNB).
It also seized nine high-end luxury cars of Modi and a few exquisite paintings, as part of its investigation against him under the criminal provisions of the Prevention of Money Laundering Act (PMLA). Some of the cars that were seized include Rolls Royce Ghost, two Mercedes Benz GL 350 CDIs, a Porche Panamera, three Honda cars, one Toyota Fortuner and an Innova
Besides, the Central Bureau of Investigation (CBI) on Wednesday sealed beleaguered billionaire jeweler Nirav Modi’s farmhouse in Alibaug near Mumbai, in connection with the Punjab National Bank (PNB) scam, reported news agency
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