PNB Fraud: On trail of diamantaire Nirav Modi, ED seizes his 9 luxury cars

114

The Hush Post, New Delhi: The Enforcement Department (ED) seized Nirav Modi’s nine luxury cars, including a Rolls Royce Ghost, Porsche Panamera, two Mercedes Benz GL class, three Honda cars and a Toyota Fortuner, Business Today reported on Thursday.

The ED earlier sealed the diamantaire’s several properties across the country, including sea-facing property in Mumbai’s Alibaug. The CBI also recovered crucial documents from the office of Firestar International finance chief Vipul Ambani, a BT report said.

Nirav Modi cars
Diamantaire Nirav Modi and some of his luxury cars. Photo courtesy APN Live

Overall, the assets worth over Rs 6,000 crore have been seized so far. Though his whereabouts are unknown, the agencies want to cripple Nirav Modi’s empire in India before zeroing in on his properties across Hong Kong, Belgium and Dubai. The ED has asked Sebi to freeze Nirav’s maternal uncle Mehul Choksi’s shares in Gitanjali, a company which is also accused of perpetrating the fraud. However, in a dampener to the agencies, Choksi’s around 78.56 per cent of the promoters’ shares in Gitanjali Gems were pledged in December.

The Opposition parties are up in arms against Prime Minister Narendra Modi’s silence, and further delay in his arrest could jeopardise the BJP’s poll prospects. Congress President Rahul Gandhi’s has slammed the PM and the FM over his deafening silence, which, he alleged, shows where the PM’s loyalties lie. Shiv Sena in editorial mouthpiece ‘Saamana’ has said “Nirav Modi has been a partner of the BJP and was at the forefront in helping the BJP collect funds for elections”. Nirav Modi, in his second letter to his employees, has told they should “look for other career opportunities” as he’s unable to pay salaries due to freezing of his bank accounts.

 

Leave a Reply