The Enforcement Directorate (ED) on Wednesday said it has brought back over 2,300 kg of valuables worth Rs 1350 crore from Hong Kong, belonging to firms of Punjab National Bank (PNB) scam accused Nirav Modi and Mehul Choksi. While 32 consignments belong to overseas entities in the UAE and Hong Kong "controlled" by fugitive diamantaire Nirav Modi the rest are of Mehul Choksi firms, the agency said in a statement. The ED statement said that it completed "all legal formalities" with authorities in Hong Kong to bring back these valuables weighing 2340 kg. "The officers were continuously engaged in discussion with various authorities in Hong Kong to bring these valuables back to India. Earlier, the agency had brought back 33 consignments of valuables from Dubai and Hong Kong.

Source: dna June 10, 2020 15:56 UTC