New Delhi: The Enforcement Directorate (ED) has made a fresh seizure of antique jewellery, costly watches and paintings of Amrita Sher-Gil and MF Hussain worth Rs 26 crore from the sea-facing Mumbai apartment of diamantaire Nirav Modi in connection with the over Rs 12,500 crore PNB fraud case.
The ED along with the CBI launched fresh searches on 22 March at the Samudra Mahal luxury residential flats of Modi in Mumbai’s Worli area which resulted in the recovery of fresh valuables.
Antique jewellery worth Rs 15 crore, costly watches valued at Rs 1.4 crore and paintings of acclaimed artists like Amrita Sher-Gil, MF Hussain and KK Hebbar valued at Rs 10 crore have been seized over the last three days under the Prevention of Money Laundering Act (PMLA), an official said. Only single diamond ring in this cache is valued at Rs 10 crore, they added.
The central probe agency has also seized nine costly cars of Modi earlier, recovered by it during raids. These include a Rolls Royce Ghost, a Mercedes Benz, a Porsche Panamera, three Honda variants, a Toyota Fortuner and an Innova.
Modi, Choksi and others are being investigated by multiple probe agencies after it recently came to light, following a complaint by the PNB, that they allegedly cheated the nationalised bank to the tune of Rs 12,500 crore, with the purported involvement of a few employees of the bank.
The CBI and the ED have registered two FIRs each to probe the case. Both Modi and Choski are said to have left the country before criminal cases were lodged against them.
The ED has notified the Interpol for a global arrest warrant against the two as they have left India early this year and have not appeared before the agency after summonses were issued to them.
It has conducted a total of 251 country-wide searches in this case after it began the criminal probe against the accused in February.
The total seizure and attachment of diamond, gold, precious and semi-precious stones and other movable and immovable assets in the case stand at Rs 7,638 crore.