Indian investigators seize billionaire jeweller’s luxury cars in US$1.8 billion fraud probe

February 22, 2018 6:35 PM

MUMBAI (REUTERS) – An Indian financial crime-fighting agency said on Thursday (Feb 22) it has seized a Rolls Royce Ghost, a Porsche Panamera and some half a dozen more luxury vehicles belonging to billionaire jeweller Nirav Modi and his firms, in a probe into an alleged US$1.8 billion (S$2.38 billion) fraud against state-run Punjab National Bank.

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