Rs 43 crore worth assets of Nirav Modi froze by ED

Mumbai, Feb 24: The ED on Friday said it had frozen diamantaire Nirav Modi's bank account and shares worth Rs 43 crore even as the CBI raided his Mumbai-based Kamala Mills firm and seized documents regarding the Rs 11,300 crore Punjab National Bank fraud probe.

Nirav's bank account had Rs 30 crore, while the shares were valued at Rs 13.86 crore, the Enforcement Directorate (ED) said.

A senior Income Tax Department official said on Friday that as of date, 144 bank accounts and fixed deposits of Gitanjali Group owned by Mehul Choksi -- with a total credit balance of Rs 20.26 crore -- have been attached.

The ED officials also seized a large collection of imported watches from several locations connected to the diamond czar during the searches in the last few days.