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ED attaches more immovable assets of Nirav Modi, his companies

action comes a day after the ED froze shares and mutual funds of Nirav Modi and Mehul Choksi groups worth Rs 94 crore

ED attaches more immovable assets of Nirav Modi, his companies

As the demand is growing for absconders to be held accountable, the Enforcement Directorate (ED) on Saturday provisionally attached 21 immovable assets of Nirav Modi and his companies.

The total attachment comes with a market value of Rs 523.72 crore and the action was done under the Prevention of Money Laundering Act (PMLA).

Reports indicates that the ED attached six residential and ten office properties in Mumbai, two flats in Pune, a farmhouse in Alibaug, a solar power plant and a 135-acre land in Karjat- all properties of Nirav Modi and the companies controlled by the billionaire jeweller.

The action comes a day after the ED froze shares and mutual funds of Nirav Modi and Mehul Choksi groups worth Rs 94 crore.

The ED also seized nine cars belonging to Nirav Modi and his companies that include a Rolls Royce Ghost, two Mercedes Benz models GL 350 CDI, one Porsche Panamera, 3 Honda cars, one Toyota Fortuner and one Toyota Innova.

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