ED seizes Choksi firm’s jewellery worth Rs 85 cr brought from Dubai


NEW DELHI: The Enforcement Directorate (ED) today said it has seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by diamantaire Mehul Choksi, in connection with the Rs 13,000-crore Punjab National Bank (PNB) fraud case.

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The agency said the jewellery was “brought from Dubai” and has been seized under the Prevention of Money Laundering Act (PMLA).

“ED seizes over 34,000 pieces of jewellery worth Rs 85 crore under PMLA of Mehul Choksi controlled Gitanjali Group brought from Dubai,” it said in a statement.

Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country’s second largest lender. (AGENCIES)

 

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