9 september 2024 : The Enforcement Directorate (ED) announced today that it has seized assets worth ₹29.75 crore belonging to fugitive diamond trader Nirav Modi under the Prevention of Money Laundering Act (PMLA). The ED stated in a release that a final order was issued under PMLA for the attachment of these assets. The seized properties include bank deposits, land, and buildings. The agency, which has been investigating the alleged $2 billion fraud case involving Punjab National Bank (PNB) for over five years, has previously attached assets worth ₹2,596 crore belonging to Nirav Modi, both in India and abroad.
