The Enforcement Directorate on Wednesday provisionally attached a Wind Farm in district Jaisalmer, Rajasthan, of capacity of 9.6 Mega Watt and having market value of Rs. 52.80 Crore, under PMLA, 2002 in Nirav Modi case.
The said Wind Farm was owned by M/s Solar Exports, M/s Stellar Diamonds, M/s Diamond RUS and M/s Neeshal Merchandising Private Limited.
Three out of four entities i.e. M/s Diamond R US, M/s Solar Exports and M/s Stellar Diamonds have got the LOUs issued fraudulently from Punjab National Bank.
Earlier, in a shocking revelation, the Central Bureau of Investigation (CBI) said that the former MD and CEO of the Punjab National Bank Usha Ananthasubramanian and some other senior bank officials were aware of the "fraudulent" dealings with diamond merchant Nirav Modi but kept "misleading" the RBI, the CBI has alleged in its charge sheet.
A special CBI court here took cognizance of the charge sheet today and permitted the investigating agency to issue fresh non-bailable warrants against Nirav Modi, his brother Nishal and an executive of the Nirav Modi Group Subhash Parab.
In its charge sheet into the nearly 13,000 crore scam, the CBI said the RBI had since October 2016 sent several questionnaires to the PNB, seeking to know what procedures or measures the bank follows before issuing Letters of Understandings and Letters of Credit.
"This was duly dealt by accused Ananthasubramanian and the bank's Executive Directors - K V Brahmaji Rao, Sanjiv Sharan and Nehal Ahad and instead of replying to the queries in true spirit and facts, Ahad and the general manager of the International Banking Division of the bank's headquarters prepared a misleading reply and sent it to the RBI after getting the same approved from Sharan," the CBI said.
The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.
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 "PNB scam: ED provisionally attaches Jaisalmer firm's assets")
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