Govt seeks nod to attach properties of PNB fraud accused
The government has approached the National Company Law Appellate Tribunal seeking power to attach properties of those involved in $2.1-billion PNB fraud. The Corporate Affairs Ministry has also sought to invoke powers including removal of the management and recovery of undue gains. Earlier, the NCLT had restrained over 60 entities including, Nirav Modi and Mehul Choksi, from selling their assets.