In the infamous Punjab National Bank (PNB) scam involving businessman Nirav Modi, among others, the Enforcement Directorate (ED) has identified a property in Thailand as a beneficiary in the fraud. The property, worth Rs 13.14 crore, has been provisionally attached in the case under the Prevention of Money Laundering Act (PMLA), 2002. A factory premise, it is owned by M/s Abbeycrest (Thailand) Limited, which is a group company of the Gitanjali Group.

The ED had last year registered two separate money laundering cases in the PNB bank fraud against Nirav Modi , Mehul Choksi, a few PNB employees and others under the provisions of PMLA, 2002 on the basis of an FIR registered by Central Bureau Of Investigation under sections 120-B r/w 420 of the Indian Penal Code, and some sections of the Prevention of Corruption Act, 1988.