
A special court has dealt a major blow to Nirav Modi, who fled abroad after allegedly defrauding the Punjab National Bank of India
Mumbai: A special court has dealt a major blow to Nirav Modi, who fled abroad after allegedly defrauding the Punjab National Bank of India of Rs 13,000 crore.
In it, a PMLA court has now ordered the government to seize all of Nirav Modi's assets in a money laundering case. The order was issued under the Fugitive Economic Offenders Act.
Nirav ModiAccording to the information provided by the Enforcement Directorate about Nirav Modi's assets in the court, Nirav Modi has assets in Mumbai, Delhi, Jaipur, Alibag, Surat.
The Government of India will now own about Rs 1,400 crore in assets. Nirav Modi has six apartments in a building called Samudra Mahal in Worli, Mumbai.
Each apartment is worth about Rs 100 crore. Nirav Modi lived in this apartment with his family before fleeing. Apart from this, Nirav Modi had crores of rupees, worth of jewellery and a large amount which would be confiscated.
Nirav ModiAccording to the information given by the Enforcement Directorate in the court about Nirav Modi's assets, there is a distributed music store in the name of Nirav Modi's 3500 square feet Rhythm House in Kalaghoda area near Mumbai's Sessions Court.
There is a flat in a high-rise property building on Peddar Road in South Mumbai near Breach Candy Road, which will be confiscated. There are also three flats in the Mumbai Opera House.