The raids got here after the company filed a Rs 280-crore cash laundering case in opposition to Nirav Modi, his spouse Ami, brother Nishal and enterprise accomplice Mehul Choksi yesterday, following a grievance by Punjab Nationwide Financial institution (PNB).
Searches have been performed at 17 premises of Nirav Modi & Geetanjali Gems in a case associated to fraud in PNB, the directorate mentioned in a tweet.
5 properties belonging to Nirav Modi and the opposite accused in Mumbai have been sealed, reported information company Press Belief of India, quoting unnamed officers. The ED has written to the international ministry in search of revocation of the passports of Nirav Modi and his accomplice Mehul Choksi.
Among the many locations raided at this time have been Nirav Modi’s residence in Kurla, jewelry boutique in Kala Ghoda space, three firm places of work in Bandra and Decrease Parel in Mumbai, three premises in Gujarat’s Surat and Nirav Modi’s showrooms in Chanakyapuri and Defence Colony in Delhi.
The ED filed the case beneath the Prevention of Cash Laundering Act (PMLA) after going by way of a First Info Report (FIR) registered by the Central Bureau of Investigation (CBI) early this month.
The CBI has booked Nirav Modi alongside along with his spouse, brother and enterprise accomplice Mehul Choksi on January 31, for allegedly dishonest Punjab Nationwide Financial institution to the tune of Rs 280 crore. The financial institution despatched two extra complaints to the CBI on Tuesday, saying the rip-off was price greater than Rs 11,400 crore.
(With inputs from PTI)