PNB scam ED seizes 9 cars belonging to Nirav Modi, his companies

Updated:9 months, 3 weeks ago IST

Mumbai, Feb 22 (ANI) :In a latest development in Punjab National Bank (PNB) fraud case, the Enforcement Directorate (ED) seized nine cars belonging to jeweller Nirav Modi and his companies on Thursday. These cars include one Rolls Royce Ghost, two Mercedes Benz GL 350 CDIs, one Porsche Panamera, three Honda cars, one Toyota Fortuner and one Toyota Innova. Mutual funds and shares worth Rs 7.80 Crore of Nirav Modi and Rs 86.72 crore of those belonging to Mehul Choksi Group were also frozen by the agency. Earlier on Wednesday, the Income Tax (IT) department attached Rs. 145.74 crore found in several bank accounts belonging to Nirav Modi.

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