Investigative Agency to scan 200 shell firms in PNB scam

New Delhi Feb 19: 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.

The Investigative agencies are currently scanning 200 shell firms and "benami" assets have come under the scanner in the PNB Scam.The Enforcement Directorate (ED), which continued its searches against Modi, Choksi and their companies for the fourth day today.

ED is also ready to attach at least two dozen immovable properties under the Prevention of Money Laundering Act (PMLA).The agency has raided at least 45 premises, including jewelry showrooms and workshops, across the country.

The agency has also said that "As many as 29 properties -- of Modi, his family members and companies that have been provisionally attached by the Income Tax department, are being assessed by the ED under the PMLA. A few more assets will be attached soon under the anti-money laundering law".