ED brings back polished diamonds, pearls worth Rs 1,350 crore from Nirav Modi and Mehul Choksi's Hong Kong-based firms
The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. The ED completed 'all legal formalities' with authorities in Hong Kong to bring back these valuables, the agency said.
New Delhi: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.
Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.
Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a Punjab National Bank (PNB) branch in Mumbai.
The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said. These will be formally seized under the PMLA now, it said.
Choksi, 62, who has an Interpol Red Notice against him, had mysteriously gone missing on 23 May from Antigua and Barbuda where he has been staying since 2018 as a citizen after fleeing from India.
Documents accessed by News18 show that the Internal Security minister of Dominica, Rayburn Blackmoore, wrote to Choksi on 25 May informing him that he was being declared a 'prohibited immigrant' under the country's Passport Act
CBI, MEA approach Dominica HC to be made party to Mehul Choksi case seeking his return to Antigua and Barbuda
If the Dominica High Court admits the two affidavits filed by the CBI and the MEA, it will pave way for noted lawyer Harish Salve to plead India's case in the country