PNB Fraud Enforcement Directorate seized 9 luxury cars of Nirav Modi.
Enforcement Directorate (ED) has taken the biggest action in the PNB Fraud. Nirav Modi’s nine luxury cars have been seized by taking away the country’s money. Besides, Nirav Modi’s mutual fund and shares have also been seized. The crores of crores of rupees have been sealed for the Mehul Vigilance Group. ED raid continues. Even before that, the property worth crores has been seized by raids on the locations of Nirav Modi.
9 luxury cars seized:
9 luxury cars seized Nirav Modi’s cars which are sealed are all luxury cars. These cars include 1 Rolls Royce Ghost, 2 Mercedes Benz GL 350 CDI, Porsche Panamera, 3 Honda Cars, a Toyota and a Toyota Innova. The price of these cars is in crores.
94 crores shares and mutual fund Seized:
94 crores shares and mutual fund Seized: Enforcement Directorate has freeze shares and mutual funds of Nirav Modi and Mehul Choksi Group worth Rs 94 crore. In this, Nirav Modi’s shares of 7.80 crores and mutual funds have been seized. At the same time, shares worth Rs 86.72 crore and mutual fund seals have been made by Mehul Vigilance Group.
Seized jewelery worth Rs. 5649 crores:
Enforcement Directorate (ED) has seized jewelery worth Rs. 5649 crores from the locations of Nirav Modi, who has lent Rs. 11,500 crores to Punjab National Bank. However, it is also discussed that the cost of jewelry is much less than what is being said. Because, Nirav Modi and Mehul have been constantly alleging that they have sold cheap diamonds in crores of rupees from counterfeiting. He did not keep the high-priced diamonds with him. According to the experts, PNB has not yet cleared completely.
Earlier, on Wednesday, the CBI sealed Nirav Modi’s farm house in Alibag, Maharashtra. It is spread over 1.5 acres. Inside this form house there is a bungalow named ‘Roppanya’. This farm house of Nirav Modi is about 100 kilometers away from Mumbai.