Top

ED to sell Nirav Modi's 11 luxuries cars, 173 paintings

The same court, they said, also issued a non-bailable warrant against his wife Ami after the ED recently filed a supplementary charge sheet underlining her role in the USD 2 billion PNB scam.

Saima Siddiqui

Saima SiddiquiBy Saima Siddiqui

Published on 20 March 2019 11:39 AM GMT

ED to sell Nirav Modis 11 luxuries cars, 173 paintings
X
ED to sell Nirav Modi's 11 luxuries cars, 173 paintings
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

New Delhi: The Enforcement Directorate, on Wednesday, obtained permission from a special court in Mumbai to sell 173 paintings worth Rs 57.72 crore and 11 luxuries vehicles "beneficially owned" by fugitive Nirav Modi, as per officials.

The same court, they said, also issued a non-bailable warrant against his wife Ami after the ED recently filed a supplementary charge sheet underlining her role in the USD 2 billion PNB scam.

ALSO READ: Nirav Modi arrested in London, will be produced in court today

The ED will put on sale the 173 paintings of Modi and eleven vehicles that include Rolls Royce, Porsche, Mercedes and Toyota Fortuner.

A public auction will be held later this month, the officials said.

The court, they said, also allowed the Income Tax Department to sell another 68 paintings seized by it as part of its separate probe against the absconding diamantaire.

Modi was arrested by the Scotland Yard from the Holborn area of London on Wednesday.

ALSO READ: Goa floor test: CM Pramod Sawant wins support with 20 MLAs vote

Saima Siddiqui

Saima Siddiqui

Next Story