Friday, February 15, 2019
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ED seeks court order to declare Nirav Modi, Choksi fugitives

The ED on Wednesday approached a special court here seeking its order to declare diamond merchants Nirav Modi and his uncle Mehul Choksi -- both accused in over Rs13,500 crore Punjab National Bank (PNB) loan fraud case -- as fugitives because they fled from India a month before they were named in the multi-crore fraudulent case.
The Enforcement Directorate filed two separate applications requesting the designated court to issue notices to Nirav Modi and Choksi under the Fugitive Economic Offenders Ordinance 2018 to declare them fugitives, an ED statement said.
The agency also requested the court to issue an order to confiscate the movable and immovable properties of the two accused which are believed to be the proceeds of crime.
It also urged the court to permit it to confiscate other properties of Nirav Modi and Choksi which are directly and indirectly belong to them and have been identified by the agency officials in India, in Britain and in United Arab Emirates. The ED has been probing two cases of money laundering against Nirav Modi.

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