ED traces â¹5,000cr moved through Nirav, Choksi's shell firms
The Enforcement Directorate has traced over â¹5,000 crore funnelled through as many as 40 shell companies controlled by jewellers Nirav Modi and Mehul Choksi, reports said. About half of â¹5,000 crore has reportedly come back to their India-based firms as foreign investment or through hawala route. The agency is currently probing alleged money laundering in the â¹13,600-crore PNB scam.