The ED had early this week examined state-owned bank's Executive Director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The attached properties include 15 flats and 17 office premises in Mumbai, M/s Hyderabad Gems SEZ in AP, a shopping mall in Kolkata, farm house in Alibaug and 231 acres land in Maharashtra and Tamil Nadu.
On January 31, the CBI had registered an FIR against Nirav Modi, his companies, and diamond jeweller Mehul Choksi. Later, the ED also started its probe.
The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.
Speaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that no red flag was raised. Regulators should have a "third eye" open to detect and check such frauds.
"I will face my destiny and I know I have done nothing wrong and ultimately the truth shall prevail," Choksi said in a letter to his employees, released by his lawyer Sanjay Abbot.
The central probe agency today also froze shares of Rs 13.86 crore value from a company belonging to Nirav Modi, alongwith 176 steel almirahs and 60 plastic containers containing imported watches.
The department, in the last few days, has similarly attached nine bank accounts and seven properties of the group and Choksi.
Nirav Modi, the billionaire diamond king under the scanner of various investigating agencies, failed to depose before the ED after summons were issued to him.
The J&K Bank had in third quarter ending December 31, 2017 reported a net profit of Rs 72.47 crore. However, the Srinagar-based bank’s net NPAs narrowed to Rs 2,487.6 crore in the quarter as against Rs 2,699.14 crore a year earlier.
Vipul Ambani is the top executive handling the finances of the firm of billionaire jeweller Nirav Modi, who is the kingpin of the country’s biggest ever bank fraud.
The ED claimed that out of these 120 shell companies, 80 firms were being used by billionaire jeweler Nirav Modi and his uncle Mehul Choksi to route funds.
The diamond czar said that money went through the bank all these years for the repayments of the advances given by the overseas bank branches under the buyers credit.
Referring to 'Pariksha Pe Charcha' event, recently addressed by the prime minister, Gandhi said, "PM Modi tells kids how to pass exams for 2 hours, but won't speak for 2 minutes on the 22,000 Cr banking scam"
As per the Central Bureau of Investigation, 143 LoUs were fraudulently issued to three Mumbai-based private companies of Nirav Modi's associate Choksi -- Gitanjali Gems, Nakshatra and Gili -- during the period 2017-18.