New Delhi [India], March 24 (ANI): The Enforcement Directorate (ED) on Saturday registered a Prevention of Money Laundering Act (PMLA) case against Nirav Modi, Mehul Choksi and others in the Punjab National Bank (PNB) fraud case.
During the course of investigation, a total of 251 searches were conducted all over India.
It led to the seizure of diamond, gold, pearls, and precious and semi precious stones.
The total value of seizures and attachment is approximately Rs. 7638 crores.
The search continued for three days and resulted in seizure of antique jewelry valued at Rs. 15 crores, high end watches valued at Rs 1.40 crores, and paintings worth approximately Rs. 10 crores.
The paintings include M. F. Husain, Kattingeri Krishna Hebbar, Amrita Sher-Gil, among others.
One ring is valued at Rs. 10 crores approximately. (ANI)