Car Model

ED recovers Nizam’s heirloom, Rs 20 lakh automobile model from Nira

MUMBAI: A one hundred-yr-antique curtain that purportedly belonged to the Nizam of Hyderabad and a Rs 20 lakh wooden car version with the aid of artist Sudarshan Shetty bought at an public sale in Hong Kong, were the various 3 dozen artefacts recovered via the enforcement directorate (ED) from fugitive diamantaire Nirav Modi’s Alibaug bungalow before local government began its demolition remaining week.

ED officers are ascertaining the price of the artifacts recovered from the ocean-dealing with bungalow at Kihim along Alibaug seashore in Raigad district, around 90km from Mumbai. The demolition group additionally observed two luxurious motors on the premises. The demolition was halted, though, to get rid of costly fittings, for which opinion of structural engineers has been sought.

Before fleeing u . S. In January 2018, Modi had ordered the bungalow’s caretaker to maintain the vintage curtain in secure custody, saying it changed into related to the Nizam, an professional instructed TOI.

There are around 58 unauthorized bungalows alongside the beach and nearby areas, which includes Modi’s. Recently, the Raigad district collector ordered demolition of all of the illegal structures that violate coastal regulation sector guidelines.

Last 12 months, the CBI had sealed Modi’s bungalow even as probing his position in the multi-crore Punjab National Bank (PNB) fraud. Subsequently, the ED had attached his residences in a money laundering case.

Earlier, ED and the income-tax branch had seized his collection of a hundred twenty-five artwork of celebrated artists which include V S Gaitonde, M F Husain, KK Hebbar, Anjolie Ela Menon, Vivan Sundaram and Raja Ravi Varma alongside sculptures worth crores from his residence in Worli and warehouse at Wadala.

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