13 Luxury Cars Including A Rolls Royce Owned By Scamsters Nirav Modi, Mehul Choksi Auctioned For Rs 3.28 Crore

The Enforcement Directorate (ED), has recovered Rs 3.28 crores from Punjab National Bank (PNB) scam accused Nirav Modi and his uncle Mehul Choksi after a fleet of luxury cars owned by them were sold in an online auction.

A total of 14 luxury cars owned by the duo were put up for auction on Thursday by the Metals & Scrap Trading Corporation. Out of this 10 vehicles of Modi and two of Choksi. All except one Corolla, owned by Modi which had a base price of Rs 3.5 lakh, was sold in the auction.

Among the vehicles which were sold, a silver Rolls Royce fetched the maximum at Rs 1.33 crores.

Other vehicles that went under the hammer include a Porsche, two Mercedes Benz, a BMW (Rs 9.8 lakh) two Honda Barrios, a Toyota Innova, a Honda CRV, a Toyota Fortuner, a Skoda Superb Elegance, a Toyota Corolla Altis and a Toyota Innova Crysta.

BCCL

These vehicles were seized by the ED in connection with the fraud case along with other valuables like jewelry and artworks.

Earlier in March as many as 57 artworks seized by ED were put at Saffronart Spring Live Auction in Mumbai and it fetched Rs 54.84 Crore for the Government of India.

Modi and his uncle and business partner Choksi are accused of defrauding the PNB for Rs 13,570-crore. The duo along with their families had fled the country to evade arrest last year and has not returned to India since.