Enforcement Directorate attaches Mehul Choksi’s assets in India, abroad

Fugitive diamond jeweller Mehul Choksi’s assets worth Rs 24.77 crore in India and abroad has been attached by Enforcement Directorate. He is accused in PNB loan fraud worth Rupees 13,000 crore, and money laundering case. According to the agency, the attached properties include number of fixed deposits in bank accounts in the country and outside, a Mercedes Benz car, and three commercial assets in Dubai. Rupees 24.77 crores is said to be the total worth of the attached properties.

The ED  said in a statement, a provisional order under the Prevention of Money Laundering Act has been issued. In the bank fraud case along with Choksi, the ED is investigating, diamantaire Nirav Modi and others. The case was unearthed last year after PNB said in their complaint that they cheated to the tune of over Rs 13,000 crore. Soon after Choksi and Modi’s name came into light, they left the country. India is trying to get Choksi’s extradition.

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