Fugitive Nirav Modi’s apartments in Pune will be auctioned off next month

Surat (Gujarat): The Debts Recovery Tribunal is set to auction off a pair of apartments owned by fugitive diamantaire Nirav Modi, who is accused of defrauding the Punjab National Bank of $1.85 billion (PNB).

Nirav Modi, 51, is facing extradition from the United Kingdom to India in connection with the $1.85 billion PNB fraud. Modi owns two apartments in Pune, Maharashtra’s upmarket Yoo Pune development.

According to the Debts Recovery Tribunal, Nirav Modi’s apartments on the 16th floor of Yoo Pune will be auctioned off next month. The apartments are worth Rs 8.50 crore in the market.

It should be noted that the fugitive diamantaire Nirav Modi has been imprisoned in the United Kingdom since March 2019. Modi lost his final stand against extradition to India in November 2022. Modi contended in court that he was suicidal.