PNB fraud: ED seizes ?94 crore assets, luxury cars of Nirav Modi, Mehul Choksi

The CBI and the ED have registered two FIRs each to probe the case. The Enforcement Directorate (ED) on Thursday said it has frozen mutual funds and shares worth ?7.80 crore belonging to the Nirav Modi group and ?86.72 crore belonging to the Mehul Choksi group in connection with a money laundering probe against them in the ?11,400-crore alleged fraud at Punjab National Bank (PNB). The ED also seized nine high-end luxury cars — Rolls Royce Ghost, Mercedes Benz, Porsche Panamera, Toyota Fortuner, Toyota Innova, two Mercedes Benz variants and…

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