The ED claimed that during investigation, it was revealed that substantial proceeds of crime obtained fraudulently by the Nirav Modi-owned group of firms Solar Exports, Stellar Diamonds, Diamond RUS from PNB were diverted to the absconding diamantaire, his relatives and entities controlled by him.
The ED had earlier attached properties in India and abroad to the tune of Rs 1,725.36 crore.
Besides the properties, the ED had also attached gold, diamond, bullions, jewellery and other valuables worth Rs 489.75 crore.
Nirav Modi and his uncle Mehul Choksi are under probe by both the Central Bureau of Investigation (CBI) and ED. The ED filed money laundering cases against them and others on February 15 on the basis of an FIR registered by the CBI.
The ED has till date attached properties worth Rs 4,765 crore of Choksi and Nirav Modi.