Amid the PNB multi-crore probe, the Enforcement Directorate has gone on to seize antique jewellery, costly watches and paintings of Amrita Sher-Gil and M F Hussain worth Rs 26 crore from the Mumbai apartment of Nirav Modi, who is currently absconding from the country.
The businessman has been asked to join in the probe of over Rs 12000 crores.
It was informed that the yet another round of searches were launched on March 22 at the Samudra Mahal luxury residential flats of Modi.
ED sources said that the antique jewellery worth Rs 15 crore, costly watches valued at Rs 1.4 crore and paintings of acclaimed artists like Amrita Sher-Gil, M F Hussain and K K Hebbar valued at Rs 10 crore have been seized.
The action has been carried out under the Prevention of Money Laundering Act.>