Hyderabad: The Enforcement Directorate attached 171 acres of property that housed Hyderabad Special Economic Zone owned by Mehul Choski, the maternal uncle of Nirav Modi and accused in the Punjab National Bank fraud. A building housing five blocks owned by Choski was attached, as well. The market value of the SEZ land called as Rajiv Gems Park was estimated to be around Rs 170 crore, while the structure housing the blocks was over Rs 300 crore.
Towards February end, the Income-Tax department attached a Rs 1,200-crore worth property of the Gitanjali Group, located in a Special Economic Zone in Hyderabad, in connection with its tax evasion probe. And on Thursday, the Enforcement Directorate attached the same property. When ED officials were asked about two anti-corruption bodies attaching the same property, officials said, “Both ED and IT can attach the same property. However, it will be decided later which agency can take hold of it.” In February, the ED lodged a money laundering case against Mehul Choksi on the basis of an FIR registered by the CBI.