Nirav Modi’s 13 Cars to be Auctioned

Nirav Modi’s 13 Cars to be Auctioned

November 10, 2019 0 By Luis Garrison


Do you remember last year Nirav Modi committed a fraud of Rs. 13,000-crore and ran away to London. He had taken a loan from the Punjab National Bank (PNB). Nirav was arrested in London. The ED seized many of his assets such as cars, watches, and paintings which were very expensive and high in quality. The ED then took permission from the court to sell these assets. The court gave them permission and they decided to sell the assets. There are 13 luxury cars. His Rolls Royce Ghost will be sold for Rs 1.70 crore. For People interested in buying the car, the bidding will start from Rs. 1.70 crore. A Porsche Panamera will be auctioned for Rs 60 lakh. A Bentley Arnage will also be auctioned, starting at a price of Rs 2 crore. Many of the cars have Unique and VIP number plates. Not all the cars are luxury cars. There are some normal cars as well. Nirav’s Brother Nishal Modi’s Skoda Elegance, will also be auctioned for Rs 5.25 lakh.