Mumbai: The Directorate of Enforcement (ED) has an asset attached worth Rs 1,000 Crore, including buildings that have accommodated the rhythm home music store at Ghoda, a flat road Nepeansea, an office building in Kurla and jewelry, in Diamantaire Nirav Modi on a court order for the court order for Auctioned to restore Punjab National Bank contribution (PNB).
The national tribunal law company has appointed liquidators to auction of properties.
Ed has released several of these properties and is in the process of providing other ownership, which includes solar power plants in Ahmednagar Regency, to the bank for auction.
The agency has also submitted PNB around RS 6 Crore which has been restored beforehand after auctioning car, painting and other expensive items owned by fashionable.
Modi Allegedly Default RS 6,500 Crore PNB was loaned through fraud letters (LOU) and Ed have seized assets worth 2,600 crore in the case of money laundering being investigated against it.
Modi is currently nesting in prison in London, facing extradition to India.
Some modi properties that are not pawned with banks, including four luxury flats in the expensive Ocean Building in Worli worth more than Rs 100 Crore, Alibaug bungalows and windmills in Jaisalmer, will remain in possession.
The investigation body does not yet have its nature abroad, including in the US.
Allegedly that Modi had bought a lot of this property through the money he defenses from PNB.
In 2017, he had bought the Rhythm House Iconic building through his company Firestar Diamond from his owner, Luramal Fam-ily, for RS 32 Crore.
The plan is to change the inheritance property into an upscale jewelry showroom.
Ed released NIRAV assets to be auctioned to restore fees
