ED reaches out to 13 countries to for information on Nirav Modi, Mehul Choksi

The Enforcement Division (ED) has reached out to a total of 13 foreign countries in the hope of obtaining information about overseas assets owned by the accused jewellery tycoons Nirav Modi and Mehul Choksi.

The ED has reached out to a total of 13 foreign countries for information about Nirav Modi and Mehul Choksi's foreign assets - Nirav Modi- Facebook

The ED has sent out “letters rogatory” (LRs), which are formal requests to a foreign court asking for judicial assistance, to a number of countries in the hope of gathering information about Nirav Modi and his uncle Mehul Choksi’s foreign assets. It is believed that the duo routed money through foreign shell companies as part of their accused fraud at the Punjab National Bank (PNB).

The countries contacted include Hong Kong, where some believe that Modi is currently staying. Other countries include Singapore, the United Kingdom, South Africa, Dubai, Russia, China, France, the United States, and Belgium among others. It is thought that both the Nirav Modi Group and Choksi’s Gitanjali Group have business links to these coutries.

If it appears that Modi and Choksi’s foreign assets are linked to fraudulently obtained funds, then the Prevention of Money Laundering Act (PMLA) will come into play. It is also hoped that Modi and Choksi’s whereabouts will be confirmed and that they can be brought back to India to await trial. There has been speculation that they may have foreign papers which they would need to travel freely as their Indian passports have been revoked.

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