‘41 properties of Choksi are money laundering assets’
New Delhi, Sept. 2: A designated PMLA authority has held that 41 properties worth about `1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweller Mehul Choksi and his associated firms, are money laundering assets and ordered that their attachment should continue.
The central probe agency had provisionally attached 15 flats and 17 office premises in Mumbai, a mall in Kolkata, a four-acre farm house in Alibaug and 231 acres of land at locations like Nashik, Nagpur, Panvel in Maharashtra and Villupuram in Tamil Nadu, in February this year under the Prevention of Money Laundering Act (PMLA) in connection with the about USD 2 billion alleged fraud at a Mumbai-based branch of the Punjab National Bank (PNB).
“Considering the material in the original complaint (by the ED).. I find that immovable properties provisionally attached are all involved in money laundering. I, therefore, hereby confirm the attachment of properties... and order that the said attachment shall continue during investigation for a period not exceeding 90 days or the pendency of proceedings relating to any offence under the PMLA before a court and become final after an order of confiscation is passed by the special court,” said a recent order issued by Member of the Adjudicating Authority of the PMLA, Tushar V. Shah.