Over 2 tonnes of diamonds, pearls belonging to Nirav Modi, Choksi group back to India

Date:

Share post:

Over 2 tonnes of diamonds, pearls belonging to Nirav Modi, Choksi group entities brought back to India. Economic offenders Nirav Modi and his uncle Mehul Choksi, who allegedly defrauded the country’s banks of billions of dollars, had planned to ship the high-value consignments to Dubai which were “successfully imported” from Hong Kong to Mumbai by the law enforcement agency.

The duo had planned to smuggle these high-value consignments to Dubai evading authorities.

The consignments consisted of polished diamonds, pearls, pearl and silver jewellery weighing 2,340 Kg (approximately). They were kept in the godown of a logistics company in Hong Kong.

But in a major setback, the Enforcement Department brought back these consignments to Mumbai.

ED said that it brought back 108 consignments belonging to various overseas entities of Nirav Modi and Mehul Choksi in Hong Kong. These include polished diamonds and jewellery worth Rs 1,350 crores.

Acting on intelligence inputs, ED reached out to Hong Kong authorities and urged them for the cargo to be shipped to Mumbai so that it could be claimed by the creditor Punjab National Bank. Out of the 108 consignments, 32 belong to Modi while 72 belong to Choksi.

Earlier, ED had seized and brought back 33 valuable consignments from Dubai and Hong Kong in the ongoing cases against the duo. These were valued at Rs 137 crore by independent assessors.

Both fugitive businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) over alleged bank fraud amounting to $ 2 billion at a Punjab National Bank branch in Mumbai.

ALSO READ: Vijay Mallya can be extradited anytime, all legalities done

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Newsletter Signup

Related articles from Tags

Shraddha murder case: Aftab Poonawala underwent a narco analysis test

Tihar jail administration has increased the security outside Aftab Amin Poonawala's barrack. According to the jail authorities,...

MP: A school teacher suspended for attending Bharat Jodo Yatra

Madhya Pradesh: A school teacher was suspended for attending the Rahul Gandhi-led Bharat Jodo Yatra in Madhya...

BJP appoints Amarinder Singh & Sunil Jakhar as national executive, Jaiveer Shergill as spokesperson

BJP included Ex-Punjab chief minister Amarinder Singh and Sunil Jakhar and former Uttar Pradesh president Swatantra Dev...

Watch: Shah rukh Khan surprises Hollywood actress by sitting next to her

Superstar Shah Rukh Khan is currently attending the Red Sea Film Festival. He has been grabbing the...

‘Computer Baba’ joins Bharat Jodo Yatra

Namdeo Das Tyagi, popularly known as 'Computer Baba', joined Congress' Bharat Jodo Yatra on Saturday as the...

Passenger dies as iron rod pierces his neck while travelling in train

A passenger in the Neelanchal Express train (Delhi-Kanpur) dies due to an iron rod piercing his neck...

CBI issues notice to TRS MLC K Kavitha in Delhi liquor scam

The Central Bureau of Investigation(CBI)  has sent a notice to TRS MLC Kalvakuntla Kavitha. A notice under...

Championing Inclusivity this International Day of Persons with Disabilities

Ahead of International Day of Persons with Disabilities, which is observed on December 3, the Association of...

BJP instructs leaders to avoid provocative remarks on K Kavitha

A day after TRS MLC K Kavitha name appeared in the ED remand report. The party held...

HIT 2 movie review: Adivi Sesh shines brighter as an actor

HIT 2 movie review: Its been 2 years since HIT-The First Case is released & today the...

Modi’s ambulance stunt exposed by INC spokesperson

Congress spokesperson Alok Sharma slammed PM Narendra Modi for his publicity tricks.  He exposed the ambulance stunt...

Sidhu Moose Wala Murder: Mastermind Goldy Brar detained in California

Canada-based gangster Goldy Brar, the mastermind behind the murder of the famed Punjabi singer Sidhu Moose Wala,...