India’ Enforcement Directorate (ED) on Friday announced that it has attached a factory in Thailand valued at over Rs 13 crore owned by fugitive diamond
The ED said it has issued a provisional order for attachment, under the prevention of money laundering act (PMLA), of the factory premises owned by Abbeycrest Limited which is a group company of the Choksi-led Gitanjali group of companies.
Investigations under PMLA revealed that Abbeycrest (Thailand) Limited is the beneficiary of the LoUs (Letters of Undertaking) issued fraudulently and without authorisation from PNB to the tune of Rs 92.3 crore.
During the investigation, this overseas property has been identified and after gathering concrete evidence of ownership it has been attached, the ED said in a statement.
The value of the property is Rs 13.14 crore, it added. With the attachment of this property, the value of seizures in the PNB scam works out to around Rs 4,765 crore.
The ED is probing this case under the Prevention of Money Laundering Act (PMLA). Officials said ED investigators will soon move for issuing Letters Rogatories (judicial requests) for legal formalisation of the attachment of the asset in Thailand.
Choksi, his nephew and diamond