ED attaches gems, bank deposits worth over Rs 253 cr of Nirav Modi group in Hong Kong
New Delhi, Jul 22: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond merchant Nirav Modi as part of a money laundering probe.
Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement.
The amount kept in banks amounts to USD 30.98 million and Hong Kong dollars 5.75 million, which is equivalent to Rs 253.62 crore (as on July 22, 2022), it said.
Nirav Modi, 51, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is also being investigated by the CBI.
The ED said the extradition proceedings are at "final stage in London, UK."
It said that with the latest attachment, the total seizure of assets against Nirav Modi stands at Rs 2,650.07 crore.
"Also, movable and immovable assets of Nirav Modi and his associates amounting to Rs 1,389 crore have been confiscated under provisions of the Fugitive Economic Offenders Act, 2018 on the orders of a special court in Mumbai," it said.
Some of the confiscated properties have already been physically handed over to victim banks, the agency added.
Nirav Modi and his uncle Mehul Choksi, both prime accused in the case, along with others are being probed by the ED on money laundering charges for allegedly perpetrating a fraud in connivance with bank officials and by issuance of fraudulent Letters of Undertaking (LoUs) at the Brady House Punjab National Bank (PNB) branch in Mumbai.
He (Modi) was declared a fugitive economic offender by a Mumbai PMLA court in December 2019. He was arrested the same year in London.
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Dense fog disrupts Delhi airport operations, over 130 flights impacted
New Delhi: Flight operations at Indira Gandhi International Airport were severely disrupted on Monday due to very dense fog that drastically reduced visibility across the national capital, officials said.
According to a report published by The New Indian Express, more than 130 flights were impacted, including 128 cancellations 64 arrivals and 64 departures while eight flights were diverted to other airports as airlines struggled to operate under adverse weather conditions.
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Sharing a passenger advisory on X (formerly Twitter), the Delhi Airport informed that "flight operations are currently being conducted under CAT III conditions due to dense fog, which may result in delays or cancellations."
The disruption comes amid worsening weather and environmental conditions in the city. The India Meteorological Department (IMD) had issued an orange alert for very dense fog across Delhi-NCR, warning of travel delays and poor visibility during early morning hours.
As per the report, the city’s Air Quality Index (AQI) hovered around 460 in the early hours, placing it in the “hazardous” category. As many as 19 monitoring stations reported hazardous air quality, with Anand Vihar recording the worst levels. Other areas reported air quality ranging from “very poor” to “severe.”
Meanwhile, the Delhi government is considering a partnership with IIT Kanpur to deploy Artificial Intelligence for pinpointing pollution sources and evaluating their impact.
Officials reportedly said the environment department is working on a roadmap for the partnership, including institutional mechanisms and phased implementation. Environment Minister Manjinder Singh Sirsa said the focus would be on data-driven decision-making. “We are moving towards a model where decisions are driven by real-time data, source identification, and measurable outcomes, not reactive measures.” he said.
He proposed initiative aims to enable targeted interventions across sectors by strengthening Delhi’s ability to track pollution sources at a granular level.
