₹1,000 crore worth of Nirav's properties to be auctioned to recover PNB's dues

The Enforcement Directorate has de-attached properties worth around ₹1,000 crore belonging to PNB scam accused fugitive diamantaire Nirav Modi. They will be auctioned to recover the bank's pending dues. These properties include the building that housed music store Rhythm House at Kala Ghoda, a flat at Nepean Sea Road in Mumbai and some jewellery, among others.