Published On: Thu, Mar 1st, 2018

CBI raids two Mumbai premises of Nirav, ED attaches Choksi’s properties

New Delhi: The CBI on Thursday said two places in Mumbai linked to diamond jeweller Nirav Modi were searched, leading to seizure of incriminating documents related to the Letters of Undertaking (LoUs) in the Rs 12,600-crore PNB fraud case.

Chawl address is related to Nirav Modi’s company

The Enforcement Directorate attached 41 properties worth Rs 1,200 crore of Nirav’s uncle Mehul Choksi of the Gitanjali Group.

A Central Bureau of Investigation (CBI) official said the agency on Wednesday night searched a small room in a Mumbai ‘chawl’ from where the agency seized a few LoUs. The agency got a tip-off on the room during the questioning of some people.

The official said the seized documents are “very important” and the chawl address is related to Nirav Modi’s company.

Earlier in the day, an Enforcement Directorate (ED) official said: “At least 41 properties with a worth of Rs 1,217.20 crore belonging to Choksi and companies controlled by him have been attached.”

These include 15 flats and 17 office premises in Mumbai, Hyderabad Gems SEZ in Andhra Pradesh, shopping mall in Kolkata, farmhouse in Alibaug and 231 acres of land in Maharashtra and Tamil Nadu.

The IT Department had also attached four properties of the Nirav Modi group, including a farmhouse worth Rs 13 crore in Alibaug, and a 5.24 MW solar power plant worth Rs 70 crore in Ahmednagar. Both properties were in Maharashtra.

The Income Tax Department had also attached 34 more bank accounts and fixed deposits of the Gitanjali Group with a balance of Rs 1.45 crore.

Choksi along with Modi has been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 crore being added to the fraud kitty on Monday night.

The CBI had filed the first FIR in the scam on February 14 against Nirav Modi, his wife Ami, brother Nishal, uncle Choksi and his firms Diamond R US, Solar Exports and Stellar Diamond.

Modi, his family and Choksi left the country in early January.

The CBI filed a second FIR on February 15 for a Rs 4,886.72-crore fraud against Choksi’s Gitanjali Group.

Till date, the ED has carried out searches at over 198 locations across the country and seized properties worth Rs 6,000 crore. The CBI has till date arrested 13 people in the case.

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