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<h1>Court Approves Auction of 13 Gitanjali Gems Properties in PNB Fraud Case Under Prevention of Money Laundering Act</h1> A special court in Mumbai has approved the auction of 13 properties belonging to Gitanjali Gems Limited, owned by fugitive diamond trader involved in the Punjab National Bank loan fraud case. The court, handling Prevention of Money Laundering Act cases, agreed with the official liquidator's request to auction the properties to prevent value depreciation. The properties include flats in Mumbai, a commercial unit, and office units in Gujarat. The Enforcement Directorate had no objections to the auction. Proceeds from the sale will be deposited in fixed deposits with ICICI Bank for the court's benefit. The accused has been residing in Antigua since 2018.