PNB scam: Court allows confiscation of Nirav Modi's assets

Special Judge V C Barde permitted the Enforcement Directorate (ED) to confiscate those assets owned by Nirav Modi that are not mortgaged or hypothecated to the PNB. The court, in its order, said the assets shall be attached by the ED under the provisions of the FEO Act within one month.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MCeBjW