ED seizes Nirav Modi's assets worth Rs 637 crore
New Delhi, Oct 1 (IBNS): The Enforcement Directorate (ED) on Monday seized fugitive businessman Nirav Modi's assets (in India and abroad) worth Rs 637 crore, media reports said.
Diamond czar Nirav Modi along with his uncle Mehul Choksi are accused in a 13,000-crore Punjab National Bank (PNB) scam.
They left India in January, weeks before the massive bank scam surfaced.
In August, the government had made an extradition request for Nirav Modi to the Indian mission in UK.
The request for his extradition has been sent by a Special Diplomatic Bag to the High Commission of India in London, VK Singh, Minister of State for External Affairs, had said in parliament.
Nirav Modi and Mehul Choksi are being sought by multiple investigating agencies allegedly for extracting crores in loans from banks abroad on the basis of fake guarantees in the name of PNB, India's second largest state-owned bank.
India had cancelled the passports of both Choksi and Modi in February. But they kept travelling to various countries.
According to the reports of the investigating agencies probing the PNB scam, Nirav Modi possessed at least half-a-dozen Indian passports.
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