PNB Scam: 9 cars of Nirav Modi's confiscated

PNB Scam: 9 cars of Nirav Modi's confiscated

ED has now confiscated 9 cars of Nirav Modi to recover the fraud amount. Along with that many shares of Nirav Modi have been seized too.

Before this the bank accounts of Nirav Modi and Mehul Choksi were frozen.

In a fresh crackdown on diamond merchant Nirav Modi and Gitanjali Group owner Mehul Choksi over allaged Rs 11,500 crore Punjab National Bank scam; the Enforcement Directorate on Thursday froze mutual funds and shares worth Rs 7.80 crore of Modi and worth Rs 86.72 crore of those belonging to Choksi group.

ED further seized 9 cars belonging to Nirav Modi and his companies. These cars include Rolls Royce Ghost, two Mercedes Benz GL 250 CDIs, one Porsche Panamera, 3 Honda cars, one Toyota Fortuner and one Toyota Innova.Raids were also conducted at Modi’s farmhouse in Alibag by Central Bureau of Investigation (CBI).

On Wednesday, diamond merchant and kingpin in the scam Nirav Modi’s lawyer claimed that “he didn’t flee the county, but was already in abroad when the matter came to light”.

He further refused to tell the location of Modi and claimed that the amount money being glorified by media is false and the actual amount is around 200 crore.

Mercedes Benz Rs 69 Lakh
Porsche Panamera Rs 2 Crore
Rolls Royce Rs 5.65 crore

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