ED Brings Back Jewels Worth Rs 1,350 cr owned by Nirav Modi, Mehul Choksi

NEW DELHI: In a major development in the Punjab National Bank (PNB) scam case, the Enforcement Directorate (ED) has brought back from Hong Kong polished diamonds, pearls and other jewellery worth approximately Rs 1,350 crore that belonged to entities owned by Nirav Modi and Mehul Choksi.

According to the ED, 108 consignments of various overseas entities belonging to Modi and Choksi were allegedly kept in the godown of a logistics company in Hong Kong.

“We were continuously engaged in discussion with the various authorities in Hong Kong and UAE to bring these valuables back to India. All these jewels are proceeds of crime,” the officer said.

The ED, in a statement, also said that various modalities were finalised and after completing all legal formalities, the consignments were brought back to India. l