IT Dept attaches 29 properties, 105 bank accounts of Nirav Modi

     Written by : SMTV24x7 | Sat, Feb 17, 2018, 01:10 PM

IT Dept attaches 29 properties, 105 bank accounts of Nirav Modi

New Delhi Feb 17: A Bigger scam has been identified in recent days and the Massive default of loan of Rs 11400 Cr by Jeweler Nirav Modi to Punjab National bank has shaken the nation. Currently, many agencies are investigating the case.

Income Tax Department today provisionally attached 29 properties and 105 bank accounts of the diamond merchant, his family, and firms as part of its tax evasion probe.

Officials have added that "The department also slapped the new anti-black money act against him for allegedly holding illegal assets abroad."

IT Dept has also filed a charge sheet against Modi before a special court in Mumbai under sections 276 C (1) [wilful attempt to evade tax], 277 A (false statement in verification), 278 B (offences by companies) and 278 E (presumption as to culpable mental state) of the Income Tax Act, 1961. The court will take up the case on February 27.

Tax dept has also pasted attachment notices at immovable properties of Modi, his wife Ami and his firms located in Mumbai, Surat, Jaipur, and Delhi. In the Maharashtra capital, the properties that have been provisionally attached pending assessment, include Modi's premises in the posh Peddar road area, Worli, Bandra, Lower Parel and Opera House.