The Delhi High Court on Wednesday issued a notice to the Enforcement Directorate (ED) on a plea filed by Punjab National Bank (PNB) fraud accused Nirav Modi.
The Delhi High Court Judge Called the case “sketchy” and said, “want to wait to see what the ED has to say because Vijay Aggarwal (Nirav Modi’s lawyer) himself doesn’t seem to be too sure of the facts of the case”.
The court added saying that it’s not sure of what is the exact amount involved in the case.
“It’s not clear under what authority the ED went to search the properties,” the High Court said.
Speaking to journalists, Vijay Aggarwal said that the High Court said the matter is ‘sketchy’ since the exact facts are not known and asked the ED to present all documents.
“Court asked ED to present all documents and said the matter is sketchy since we don’t have all the facts. We told them that this is the basis of our petition that there is no information. Court fixed matter for further hearing at 2:15 pm on March 19,” Vijay added.
Nirav Modi had said in his appeal that “I can understand search, I can understand seizure. But they have taken away my properties and given them to PNB.
On March 6, Firestar Diamond International owned by Nirav Modi moved to the Delhi High court against the seizure of his properties by the ED.
Firestar Diamond International has hunted to nullify the order passed by the ED for the seizure of movable property.
It has also challenged the provisions of the Prevention of Money Laundering Act (PMLA) that allow the ED to conduct search and seizure of property.
The plea by Firestar Diamond International further claimed that the ED conducted the search without following due process and giving a copy of the search warrant to the company officials.
Nirav Modi and Mehul Choksi are accused in the multi-crore scam that has rattled the country and economy.