Mama-nephew Mehul Choksi and Nirav Modi, which forged about Rs 13,000 crore in Punjab National Bank, escaped through the nation in January 2018.
Mumbai: In the Punjab National Bank con situation, the valuable paintings, deluxe vehicles, watches and various other valuables seized by diamond businessman Nirav Modi just who left the nation is auctioned. The Directorate of Enforcement (ED) has actually entrusted the internet auction to Saffronart in Mumbai. Saffernart will contain the very first web auction the following month on February 27. While the next auction is on March 3 and 4. This could be the first-time the ED has actually assigned a specialist auction residence to auction the seized property. <! –
It may be worth discussing that the uncles nephew Mehul Choksi and Nirav Modi, just who forged about Rs 13 thousand crore in Punjab National Bank, escaped through the nation in January 2018. Nirav Modi had been arrested in London on 19 March. After this, their extradition situation is being conducted in a London judge. On 29 March 2018, Westminster Magistrates Court Judge Emma Arbathanot rejected to give bail to 48-year-old Nirav Modi. At present, the test on Modi's situation is being conducted in London.
Mehul Choksi, the second accused in the PNB con and a relative of Nirav Modi, is in Antigua. He took citizenship of Antigua into the thirty days of January 2018. Mehul Choksi posted their passport during the Indian High Commission in Antigua in January. Mehul Choksi additionally took citizenship of Antigua as a justification to purchase Antigua. Indian companies tend to be continually using appropriate activity in Antigua for the extradition of Mehul Choksi.
Input- Rajiv Ranjan