New Delhi: A designated Prevention of Money Laundering Act (PMLA) authority has held that 41 properties worth about Rs1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweller Mehul Choksi and his associated firms, are money laundering assets and ordered that their attachment should continue.
The central probe agency had provisionally attached the properties in February this year under the PMLA. This was in connection with the about $2 billion alleged fraud at a Mumbai-based branch of the Punjab National Bank (PNB). The order was recently issued by member (law) of the adjudicating authority of the PMLA Tushar V Shah.
The authority is a quasi-judicial body that adjudicates over PMLA attachment of assets made by the ED. Official sources said the ED will now move to seize these properties.
The ED had issued a provisional order for attachment of these assets as part of its criminal probe against Choksi, his company Gitanjali Gems Limited, and associated firms and their associates under PMLA.
41 assets provisionally attached include…
- 15 flats and 17 office premises in Mumbai.
- A mall in Kolkata.
- A four-acre farm house in Alibaug.
- 231 acres of land at locations such as Nashik, Nagpur, Panvel in Maharashtra and Villupuram in Tamil Nadu.
- A 170-acre park in Hyderabad’s Ranga Reddy district valued at over Rs500 cr.
(With inputs from Agencies)