The Enforcement Directorate (ED) has provisionally attached immovable properties, valuables, vehicle, bank account worth `24.77 crore of PNB credit fraud accused Mehul Choksi under Prevention of Money Laundering Act.
The latest attachment includes three commercial properties in Dubai, valuables, one Mercedes Benz E280 and fixed deposit account controlled by Choksi.
ED initiated investigation in money laundering case against Choksi and others on February 15 last year under the provisions of PMLA on the basis of FIR registered by CBI under IPC sections relating to criminal conspiracy and cheating besides provisions
of the Prevention of Corruption Act.
Choksi and others were booked by the CBI for the offence of cheating against Punjab National Bank in connivance with certain bank officials by fraudulently getting the Letter ff Undertaking/Foreign Letters of Credit issued causing wrongful loss to the bank.
Out of total Proceeds of Crime worth `6,097.73 crore, the ED has attached and seized properties worth `2,534.7 crore including this attachment.
Choksi is suspected to be residing in Antigua and Barbuda, Extradition Request has been sent.
A Red Corner Notice has also been issued against Choksi on the request of ED. Prosecution Complaint (chargesheet) has also been filed, the agency said.