The article below represents a preview only and is not meant for reuse or republishing.
Bid for Nirav Modi's luxury cars from Rs 2.38 lakh to Rs 1.33 crore
Click here to read full article from source
India, April 11 -- Luxury cars like the Rolls Royce Ghost and Porsche Panamera belonging to diamantaire Nirav Modi, but recently seized by Enforcement Directorate (ED), will go under the hammer at prices starting at Rs 1.33 crore and Rs 54.60 lakh respectively. The prices were revealed in a catalogue released by the ED.
The ED will hold an e-auction on April 25.
Thirteen cars, most of them high-end models, were seized by the ED after it charged Nirav Modi with money-laundering in the Punjab National Bank (PNB) fraud case. Some of these have special VIP numbers. The starting price for the vehicles were decided based on their age and amount of usage.
For instance, the Rolls Royce Ghost, a British full-size luxury car, has been driven 24,...
To read the full article or to get the complete feed from this publication, please Contact Us