19
Friday
October 2018
11:52 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
National News
PNB Scam: ED seizes more assets of Modi, Choksi
 
(Mumbai, Oct 18, 2018): The Enforcement Directorate (ED) on Wednesday further seized and attached various immovable properties and valuables (Cut and Polished Diamonds) worth Rs 218.46 crore in connection with the Punjab National Bank (PNB) fraud case under Section 5 of the Prevention of Money Laundering Act (PMLA), 2002.

These properties belong to fugitive diamantaire Nirav Modi, his uncle Mehul Choksi, his close aid Mihir Bhansali, his family members and A. P. Gems and Jewellery Park, Hyderabad, read a statement.

The ED has already filed a prosecution complaint under Section 45 of PMLA, 2002 against Nirav Modi, Purvi Modi, Maiank Mehta, Neeshal Modi, Nehal Modi, Deepak Modi and 18 other accused for commission of offence of money laundering, defined under Section 3 and punishable under Section 4 of the Prevention of Money Laundering Act, 2002.

The other accused include the three firms of Nirav Modi (Solar Exports, Stellar Diamonds and Diamonds R Us) which had fraudulently obtained letters of undertaking issued by the Punjab National Bank, Brady House branch, Mumbai and his Fire star group of companies.

Among the property seized and attachment include a flat abroad worth Rs 51 crore (approximately), a constructed building having area of 2,10,000 sq feet on 2.05 acre land situated at Shaikpet Village, Banjara Hills, Hyderabad, one flat in Trump Tower in Mumbai to the tune of Rs 1.70 crore and one villa abroad having value of Rs 27 crore.

On specific intelligence, diamonds having a market value of Rs 18.76 crore belonging to Firestar Group have also been seized, the statement added.

Similarly, the ED had filed a prosecution complaint against Gitanjali Gems owner Mehul Choksi in connection with the Punjab National Bank fraud.

The total asset value of attachment and seizures in the PNB case is Rs 4,488 crore.


Andhra CM visits cyclone-hit areas in Srikakulam
#MeToo fallout: MJ Akbar resigns as minister of state for external affairs
Polling underway for last phase of municipal polls in J-K
Minister MJ Akbar Sues Journalist For Defamation Over #MeToo Allegations
Goa Congress Calls Cabinet Meeting in AIIMS 'Desperate Drama', Demands Parrikar's Resignation
‘Flogging a dead horse’: BJP’s comeback on Rahul’s attack on Rafale
AG Venugopal favours Indu ruling on Sabarimala
I believe in all of them: Maneka Gandhi on #MeToo
Kejriwal asks PM to apologise after IT Dept raids premises of Gahlot
SC asks Centre to provide details of Rafale decision making in sealed cover
Swaraj dodges questions on sexual harassment allegations against MJ Akbar
India on alert as zika virus hits tourism hotspot of Jaipur
20,000 migrants flee Gujarat
Maharashtra and UP ATS nab BrahMos Aerospace engineer for leaking info to Pakistan
Train hits dead end at Mumbai's LTT station; none hurt
Plea in SC seeks review of Sabarimala judgement
No question of alliance with BJP, we are secular people: Shivpal
Bar demands lifting ban on lawyers' strike, but CJI unimpressed
Some more steps likely to narrow CAD, says Jaitley
2 killed in road accident in UP
ENTERTAINMENT NEWS
Mohanlal's Odiyan: Official trailer launched
 Finally the wait is over. The much awaited Mohanlal film Odiyan's trailer has been released.
 
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
Keerthy Suresh and Kalyani Priyadarshan joins Marakkar
INTERNATIONAL NEWS
Sri Lankan President assured of "fullest cooperation" by PM Modi
 (Colombo, Oct 18, 2018): Sri Lankan President Maithripala Sirisena said he was assured of "fu
VP Naidu arrives in Brussels for 12th ASEM Summit
In Turkey, Pompeo discusses Iranian oil consumption, Khashoggi's disappearance
Trump calls Stormy Daniels a 'Horseface'
KERALA NEWS
Vijayan urges UAE Keralites to back salary challenge
 (Abu Dhabi, Oct 18, 2018): Kerala Chief Minister Pinarayi Vijayan has urged Keralite business
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.