BRAND-NEW DELHI: The Enforcement Directorate (ED) on Wednesday revived over 2,300 kg of
sleek diamonds
and pearls worth Rs 1,350 crore of firms belonging to
Nirav Modi and Mehul Choksi
from Hong Kong, the firm said.
Out of the 108 consignments that landed at Mumbai, 32 belong to abroad entities in the UAE and Hong Kong “controlled” by
Nirav Modi
while the rest are of
Mehul Choksi
companies, it said in a statement.
Both the businessmen are being penetrated by the ED under the Avoidance of Cash Laundering Act (PMLA) in connection with an over $2 billion alleged bank scams at a PNB bra