WION Web Team New Delhi, Delhi, India
Mar 01, 2018, 07.37 AM
The Enforcement Directorate on Thursday attached 41 properties of Mehul Choksi of the Gitanjali Group, worth Rs 1,217 crore, in connection with an ongoing probe into the Rs 11,400 crore Punjab National Bank fraud case.
The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
The attached assets include 15 flats and 17 office premises in Mumbai, a mall in Kolkata, a four-acre farmhouse in Alibaug and 231 acres of land at locations like Nasik, Nagpur, Panvel and Villupuram in Tamil Nadu.
A 170-acre park in Hyderabad's Ranga Reddy district valued at over Rs 500 crore has also been attached, it said.
Four flats in Borivali (east) area of the Maharashtra capital and nine others in Khemu Towers in Santacruz (east) have been attached as part of the action.
"The total value of the 41 seized assets controlled by Choksi has estimated at Rs 1,217.2 crore," the ED said.
Mr. Choksi and designer diamond jewellery businessman Nirav Modi and others are being investigated by the ED and other probe agencies after the bank fraud recently came to light, following a complaint by the PNB that they allegedly cheated the nationalised bank to the tune of Rs 11,400 crore, with the purported involvement of a few employees of the bank.
The CBI and the ED have registered two FIRs each to probe the case. Both Mr Choksi and Mr Modi are said to have left the country before criminal cases were lodged against them. They have, however, denied any wrongdoing.
The ED, a central probe agency under the union finance ministry, is investigating if the allegedly defrauded bank funds were laundered and proceeds of crime were subsequently used by the accused to create illegal assets and black money.