Mumbai: Actor Priyanka Chopra has terminated her contract with Nirav Modi’s jewellery brand after the billionaire diamantaire was accused of cheating Punjab National Bank of Rs 11,400 crore. Chopra has been one of diamantaire’s brand ambassadors and had sought legal advice on exiting the brand immediately after news of the fraud broke.
Meanwhile, the Enforcement Directorate today said it has frozen bank deposits and shares worth about Rs 44 crore of the Nirav Modi group, and seized a huge collection of imported watches from locations linked to the billionaire diamantaire.
Officials said they have put freeze orders on bank accounts containing Rs 30 crore and shares worth Rs 13.86 crore of the group under the Prevention of Money Laundering Act (PMLA).
A huge collection of imported watches, 176 steel almirahs, 158 boxes and 60 other containers have been seized during ED searches at multiple locations linked to the billionaire diamond jewellery designer over last week, they said.
