Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

Nirav Modi, Mehul Choksi's Luxury Cars Could Only Fetch Rs 3.29 Crore at Auction by ED

While Nirav Modi has been arrested in London recently and India is seeking his extradition, Choksi is said to be in the Caribbean nation of Antigua and a similar legal action against him is on too.

PTI

Updated:April 26, 2019, 4:13 PM IST
facebookTwittergoogleskypewhatsapp
Nirav Modi, Mehul Choksi's Luxury Cars Could Only Fetch Rs 3.29 Crore at Auction by ED
Nirav Modi's cars for auction.
Loading...
A dozen luxury cars of PNB scam accused businessmen Nirav Modi and Mehul Choksi have been auctioned, fetching the government exchequer Rs 3.29 crore, the ED said Friday. The vehicles were attached by the agency under the Prevention of Money Laundering Act (PMLA) in the past. The Enforcement Directorate (ED) had in March obtained the permission of a special PMLA court in Mumbai for auctioning 13 cars of the Modi-Choksi duo as part of its money laundering probe in the USD 2 billion alleged bank loan fraud. The e-auction was carried out by Metal Scrap Trade Corporation (MSTC) Ltd, it said in a statement.

"There are 13 vehicles (11 belonging to Nirav Modi group and 2 belonging to Mehul Choksi group) put on e-auction through MSTC platform on April 25.

"Out of these 13 vehicles, twelve (10 of Nirav Modi group and 2 of Mehul Choksi group) were successfully bided for a total amount of Rs 3,28,94,293," it said.

The Income Tax Department had last month auctioned several artworks that were owned by absconding diamond merchant Nirav Modi for Rs 59.37 crore.

The ED and the CBI are investigating Nirav Modi, his uncle Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed last year.

While Nirav Modi has been arrested in London recently and India is seeking his extradition, Choksi is said to be in the Caribbean nation of Antigua and a similar legal action against him is on too.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Abhinav Jakhar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results