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Watch: Nirav Modi’s bungalow demolished by explosives

By Newsd
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Mumbai: Fugitive billionaire Nirav Modi’ sea-facing bungalow Alibaug which has estimated to cost over Rs. 100 crore, of fugitive billionaire Nirav Modi was demolished with a huge quantity of explosives on Friday. The luxurious bungalow was spread over an area of 33,000 square ft.

The house was illegally build and violated the coastal regulation zone (CRZ) norms and the state’s regulations as well, according to the authorities.

The ED had first approached the High Court to stop the demolition as the bungalow was among the properties attached by the agency after the PNB scam saw the light.

An official said, “The HC observed that the collector owed an obligation to state how several cases of illegal constructions have been simply referred to Maharashtra Coastal Zone Management Authority.”, as quoted by the Times of India.

The Enforcement Directorate (ED) earlier had said that it has attached properties of absconding diamantaire Nirav Modi and his associate companies to the tune of Rs 147 crore in connection with its ongoing probe into the Punjab National Bank (PNB) fraud case. The agency in a statement had said that the action was taken under sections of the Prevention of Money Laundering Act (PMLA) 2002.

Nirav Modi’ Alibaug bungalow to be demolished by dynamite