PNB fraud: ED attaches Rs 255 crore assets of Nirav Modi in Hong Kong
Updated : October 26, 2018 06:35 AM IST
The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets.
"The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of the case (PNB money laundering) in India," it said.
These valuables, diamonds and jewellery were lying in a logistics company vault in Hong Kong, the agency said.