PNB eyes tying Nirav Modi's assets including paintings deserve crores



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"The maharajah of Travancore and his younger brother Richard Grenville in 1880", a work of the famous Indian painter Raja Ravi Varma, estimated at Rs 4 crores, is one of the 125 paintings of the fugitive dimondier Nirav Modi, that the National Bank Punjab (PNB) plans to tie in as part of its efforts to recover the crore of Rs 7,000 that owes him the bank.

  Raja Ravi Varma

The oil painting of Varma depicts the welcome party at Trivandrum, capital of Travancore for the 3rd Duke of Buckingham and Chandos, Richard Temple-Grenville, who was Governor General of Madras from 1875 to 1880.

Other works in Modi's possession include those of VS Gaitonde, MF Husain, KK Hebbar, Anjolie Ela Menon, Vishwanath Nageshkar, Nandalal Bose and Vivan Sundaram

 PNB Scam

AFP

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    Other Apart from the art collection, the bank also wishes to attach the other known Modi badets as apartments in Pune, Dubai, Singapore and Hong Kong, a motorboat and a value Rs 5.5 crore jewelry, a cash deposit of Rs 36 lakh in four GNP accounts.

     PNB Scam

    BCCL

    GNP badessed the value of Modi's badets at Rs 3,402 crore before the Debt Collection Tribunal (DRT) to obtain input orders. 19659004] Modi and his badociates, including Uncle Mehul Choksi, are charged with obtaining fraudulent PNB loans in the amount of Rs 7,000 crore on behalf of his companies.

    Modi 's flew out of India in January before the bank recorded a lawsuit against him at the Central Bureau of Investigation (CBI).

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