The Enforcement Directorate has attached assets belonging to Nirav Modi and his family in India and four other countries in relation to the fraud that took place at the government-owned Punjab National Bank. As per reports, the assets seized were brought by the scam money. Even after the ED filed cases, Nirav Modi had purchased jewellery and flats in foreign countries with the money taken as loans from banks. It is a rare instance where Indian agencies have seized properties abroad in a criminal investigation.
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