Investigation agencies are continuously involved under PNB scam and the search round continued for the fourth day, besides about 200 mask companies, the investigating agencies are also eyeing. Who has played a role in alleged PNB scam?
At least 200 mask companies and ‘Anonymous’ properties are under the scrutiny of investigating agencies. These investigating agencies are investigating the alleged fraud of Rs 11,400 crore in PNB, in which diamond trader Neerav Modi, his relative and business partner Mehul Choksi and others are accused of being involved.
Enforcement Directorate continues to search for Modi, Choksi and his companies for the fourth consecutive day today. The ED is going to cover at least two dozen fixed assets under the Prevention of Money Laundering Act (PMLA). ED today raided at least 45 campuses including jewelry showrooms and workshops across the country.
A senior ED official said, “The income tax department has been evaluating ED, under the PMLA, that has temporarily attached two properties of Modi, his family members, and companies. Under the Prevention of Money Laundering Act, some more properties will be covered soon. “He said that the ED and the Income Tax Department have focused on 200 mask companies in the country and abroad, which is used as a part of alleged fraud It was suspected that the use of these mask companies was used in the form of land, gold and precious jewels, Enami ‘are buying property Thekiski department is now investigating.
Sources said that ED and Income Tax Department had formed special teams to investigate the matter. The ED has so far confiscated diamonds, gold jewelry and prized gems worth Rs 5674 crore in the case. Gitanjali James, its promoter Mehul Choksi and nine other bank accounts in connection with the investigation of tax evasion by the Income Tax Department
The transaction was banned yesterday. He had invested 29 properties of Modi, his family members, and his owned firms and barred transactions from 105 bank accounts.
After the complaint of PNB, many investigating agencies of Modi, Choksi, and others are investigating the case after the matter is being investigated. PNB had alleged in its complaint that these people looted Rs 11,400 crore to the nationalized bank in collusion with some employees of the bank. CBI is investigating the case.