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Mumbai: 11 cars belonging to Nirav Modi auctioned for Rs 3.29 crore

Enforcement Directorate confiscated 11 cars belonging to Nirav Modi and two cars owned by his uncle, Mehul Choksi after the duo absconded from the country

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Nirav Modi

Nirav Modi

Government-owned Metal Scrap Trading Corporation Ltd (MSTC) e-auctioned 13 cars on Thursday belonging to fugitive diamond merchants Nirav Modi and his uncle Mehul Choksithrough on behalf of the Enforcement Directorate (ED). ED confiscated 11 cars belonging to Nirav Modi and two cars owned by his uncle, Mehul Choksi after the duo absconded from the country. The cars were successfully bided for a total amount of Rs 3.29 crore. The cars auctioned by Metal Scrap Trading Corporation included one Porsche and one Rolls Royce.

A Gujarat court had declared fugitive diamantaire Nirav Modi as a "proclaimed absconder" in a customs duty evasion case filed in March and ordered him to appear in person. In a public notification issued earlier in the day in newspapers, and also sent to government and police departments, Nirav Modi was declared proclaimed absconder under Section 82 of the Criminal Procedure Code, which could make it difficult for him to secure an anticipatory bail.

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