The Enforcement Directorate has attached assets worth Rs 14.45 crore of Gitanjali Group of companies and its director Mehul Choksi in Punjab National Bank fraud case.
The attached assets include a 1,460 square feet flat in Mumbai’s Goregaon and gold, platinum jewellery, diamond, stones, pearl-silver necklaces, watches and Mercedes Benz car registered on the name of Gitanjali Group of companies and its director Mehul Choksi.
Mehul Choksi, his company Gitanjali Gems along with his nephew Nirav Modi are accused of cheating Punjab National Bank of Rs 13000 crore in connivance with certain bank officials by fraudulently getting the LOUs (Letter of Undertaking) issued and got the FLCs (foreign letter of credit) enhanced without following prescribed procedure and causing a wrongful loss to the bank.
Earlier, ED has already attached properties worth more than Rs 2,550 crore.
Mehul Choksi is currently in Antigua and an extradition request has been sent by government to bring him back.
Nirav Modi is lodged in a British jail and has challenged India’s extradition request.
Choksi and Modi are being investigated by the Central Bureau of Investigation (CBI), ED, and the Serious Fraud Investigation Office (SFIO).