Raigad । Authorities here on Friday carried out a controlled blast to raze the luxurious beach bungalow of absconding diamantaire Nirav Modi, one of the prime accused in the Punjab National Bank scam, official sources said.
Over 100 dynamite sticks were strategically placed within and outside the 33,000 sq. feet bungalow near the Kihim Beach, and the first of the blast took place at 11.15 a.m. amidst tight security.
Few days ago, detonators were fixed at various points on the bungalow to carry out the controlled-blast and bring it down in a single-shot.
On January 25, the collectorate had initiated the demolition process using traditional methods of bulldozers, excavators and other such manually-operated equipment, but it proved to be a slow and tedious process.
Earlier Enforcement Directorate had 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 fraud case.
Nirav Modi and his uncle Mehul Choksi are under probe by both the Central Bureau of Investigation and ED. The ED filed money laundering cases against them and others on February 15 on the basis of an FIR registered by the CBI.
The ED has till date attached properties worth Rs 4,765 crore of Choksi and Nirav Modi.