PNB fraud: ED to seek immediate confiscation of Nirav Modi’s assets under fugitive ordinance
New Delhi, May 27 (DIN NEWS) The ED is set to move a special court in Mumbai to seek permission for “immediate confiscation” of about Rs 7,000 crore assets of designer diamond jeweller Nirav Modi under the recently promulgated Fugitive Economic Offenders Ordinance. The agency, empowered by the Union government to enact the new power in the country, will seek an official declaration to categorise Nirav Modi as a “fugitive” based on its prosecution complaint (charge sheet) filed before a special court in Mumbai last week under the Prevention of…
Read More