India News | ED Attahes Nirav Modi's Properties Worth Rs 329.66 Crores

New Delhi [India], July 8 (ANI): The Enforcement Directorate (ED) has attached properties of fugitive Nirav Modi worth Rs 329.66 crores under the Fugitive Economic Offenders Act, 2018 (FEOA).

"The confiscated properties are in form of four flats at the iconic building Samudra Mahal in Worli Mumbai, one seaside farmhouse and land in Alibaug, windmill in Jaisalmer, flat in London and residential flats in UAE, shares and bank deposits," said the ED.

Also Read | Kerala Records 301 New COVID-19 Cases, 107 Recoveries: Live News Breaking & Coronavirus Updates on July 8, 2020.

The Enforcement Directorate had filed an application on July 10 before the FEOA Special Court seeking a declaration of Nirav Modi as a Fugitive Economic Offender and confiscate his properties and the entities directly or indirectly belonging to him.

After giving the order to confiscate his properties, the FEOA Special Court directed the consortium to approach PMLA Special Court under Section 8(8) to claim the mortgaged/hypothecated and secured properties, which were attached by ED. On examination of the properties attached, it was found that properties worth Rs 1000 crore are prima facie covered under the mortgage. (ANI)

Also Read | Delhi: 106-Year-Old Mukhtar Ahmed, Who Was 4 Years Old During the Spanish Flu in 1918, Recovers From COVID-19.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)