India

ED seized MF Hussain’s painting from Nirav Modi’s Mumbai house

ED seized MF Hussain’s painting from Nirav Modi’s Mumbai house
Written by Abhishek Lohia

A new seizure of antique jewellery, expensive watches and paintings of Amrita Sher-Gil and MF Hussain which cost worth Rs the ED has made 26 crores from the sea-facing Mumbai apartment of diamantaire Nirav Modi in contact with the over Rs 12,000 crore PNB fraud case. ED Officials said the Enforcement Directorate along with the CBI started new searches on 22 March at the Samudra Mahal luxury residential flats of Modi in Mumbai’s Worli area which appeared in the recovery of new valuables. Antique jewellery worth Rs 15 crore, expensive watches valued at Rs 1.4 crore and paintings of legendary artists like Amrita Sher-Gil, M F Hussain and KK Hebbar valued at Rs 10 crore have been taken over the last three days under the Prevention of Money Laundering Act (PMLA), they said. Alone diamond ring in this cache is valued at Rs 10 crore, they added.

The central probe agency has filed two money laundering FIRs against Nirav Modi and his uncle and Gitanjali Gems promoter Mehul Choksi to probe the alleged over Rs 1,200 crore fraud in the Punjab National Bank (PNB). The ED had also notified the Interpol for a global arrest warrant against the two as they had left India early this year and had not appeared before the agency after summonses were issued to them.
A Mumbai special court has declared non-bailable warrants against them on the request of the ED. It has managed a total of 251 country-wide searches in this case after it began the criminal probe opposite the accused in February.

The total seizure and attachment of diamond, gold, precious and semi-precious stones and other portable and immovable assets in the case stand at Rs 7,664 crore. Choksi and Nirav Modi fled the country in January around a month before the PNB filed its first complaint against them. They are still at large.

 

About the author

Abhishek Lohia

Abhishek Lohia is a Sports and Political Writer at Newsfolo. He has been working as a Journalist for 2 years and has previously worked at Sportsflu, Sportscafe, and some other Digital Channels. He covers the ruling BJP Government, civic bodies, and Indian politics. He also covers latest Sports News and Live Coverage. He is a graduate in Electrical Engineering from IPEC College, Sahibabad. He can be reached at; [email protected], you can also follow him on twitter @chiraglohia2

Leave a Comment