Fugitive diamantaire Nirav Modi's art sold; taxmen to get Rs 55 crore

On March 19, Nirav Modi, who was absconding for over a year, was finally spotted and then arrested in London

Current Affairs: In spite of a protest documented by outlaw Nirav Modi's organization Camelot Enterprises, driving Indian workmanship sales management firm Saffronart felt free to sell 68 heaps of craftsmanship available to be purchased at its Spring Live Auction on Monday evening in Mumbai.

The list, which was evaluated to produce between Rs 30 crore and Rs 50 crore, improved net offers of Rs 55 crore that will go to the expense experts.
Of the 68 works, 55 were sold, Saffronart agents state. The workmanship was sold in an offer to recuperate around Rs 96 crore due from Camelot Enterprises, one of the many backups and shell organizations Nirav was working, as indicated by a deal see on the site of the pay charge division in Mumbai.Read More

Business Standard