1. You Are At:
  2. English News
  3. Business News
  4. PNB scam: Nirav Modi's Alibaug bungalow to be demolished following Bombay HC order

PNB scam: Nirav Modi's Alibaug bungalow to be demolished following Bombay HC order

Modi, a key accused in the USD 2 billion Punjab National Bank fraud case along with his uncle and promoter of Gitanjali Gems Mehul Choksi, has fled the country.

India TV News Desk India TV News Desk
New Delhi Updated on: January 25, 2019 15:02 IST
Modi, a key accused in the USD 2 billion Punjab National

Modi, a key accused in the USD 2 billion Punjab National Bank fraud case along with his uncle and promoter of Gitanjali Gems Mehul Choksi, has fled the country.

The demolition of fugitive diamantaire Nirav Modi's illegal bungalow built along the beach at Alibaug in adjoining Raigad district of Mahrashtra is likely to take place on Friday.

The Raigad sub-divisional administration has begun organising heavy machinery to carry out the demolition. Once started, it will take at least four days to complete the demolition.

ED has handed the documents over to Raigad collectorate for stripping the property of all its valuables. Earlier, ED had attached the bungalow in Rs 13,000 crore PNB fraud case. The bungalow was declared illegal by the collector’s office following an investigation.

The expansive farmhouse, located about 100 km by road from Mumbai in Raigad district also has a 12,000 sq ft bungalow with five bedrooms, a large swimming pool, a movie theatre and a library, PTI had earlier reported.

Modi, a key accused in the USD 2 billion Punjab National Bank fraud case along with his uncle and promoter of Gitanjali Gems Mehul Choksi, has fled the country.

Get the latest Lok Sabha election 2019 news on https://indiatvnews.com/elections.. Follow Live Election Results on May 23 with India TV Chairman and Editor-in-Chief Rajat Sharma using #ResultsWithRajatSharma and #ElectionsWithIndiaTV. You can also watch India TV's Live TV.

India TV Election Day Counting
modi-on-india-tv