Tag: Defraud

To a plea made by the Punjab National Bank (PNB) seeking that bank accounts, office, home properties and vehicles, among other seized assets of fugitive diamantaire Nirav Modi be released to the bank, the Enforcement Directorate has said that they the bank will have to make the plea as proceedings under the Prevention of Money Laundering Act (PMLA) and not under the Fugitive Economic Offenders (FEO) Act.