11 properties of Nirav Modi worth â¹56 cr in Dubai seized by ED
The Enforcement Directorate (ED) on Tuesday said it has seized 11 properties worth â¹56 crore of fugitive jeweller Nirav Modi in Dubai, in connection with the â¹13,000-crore PNB loan fraud. "The properties were named under Modi and his group company M/s Firestar Diamond FZE," the ED said. The properties were seized by the ED under Prevention of Money Laundering Act.