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ED revives Rs 1,350 crore worth refined diamonds, pearls of Nirav Modi, Choksi companies from Hong Kong

Byindianadmin

Jun 10, 2020 #Choksi, #Nirav
ED revives Rs 1,350 crore worth refined diamonds, pearls of Nirav Modi, Choksi companies from Hong Kong

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

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