IFIO aims to raise Rs 1 crore for seized painting, artwork and luxury car auction from Narendra Modi

Punjab National Bank has decided to auction the stolen belongings of diamond trader Nirav Modi, who fled to London after a major fraud.

Legislative measures are being taken to arrest and arrest in London and bring prisoners to India silently.

Meanwhile, the Corporate Fraud Investigation Officer (IFIO) Silent Modi They decided to auction off the confiscated items from the house. Famous painter MMF Hussein’s paintings, rubyworm paintings and expensive watches, handbags, Luxury cars 12 items including auction have been decided. It is estimated that Rs 50 crore will be available through this auction. The auction will be held by the Saffron Art Auction Company.

It has to be completed in two stages. The online auction will be held on February 2nd. The online auction will be held on March 7 and 8. MF Hussein’s painting ‘Battle of the Ganga Jamuna’ will be displayed at an electronic auction in March.

The interview featured 40 items in the auction. Of these, 15 are works of art. It has a great illustration of the 1935 boys’ lemons by Amrita Sher Gill, a comparative painter of the 20th century. It is expected to bid from Rs 12 crore to Rs 18 crore.

Also included are 25 pricey items, an alarm clock, a limited edition watch from the Jigger LeCalcar `ivers Riversso Groturillon 2. It is expected to increase from Rs. 1 lakh to Rs. 5 lakh at auction. All items in the interview auction will be on display from February 18 at the auction center in Mumbai.

Only MF Hussein’s painting is expected at a $ 2 million auction. It is estimated that the Rolls Royce Coast will go from Rs 75 lakh to Rs 95 lakh in luxury cars.

The Zafran Art Center hosting the auction will receive 12 percent of the auction cost. Normally up to 20 percent of the charges are taken in private auctions, but the company was chosen because only 12 percent asked to keep the auction.

The company raised Rs 5 crore through auction last year for the income tax department. In 1881 the painting of the Maharaja of Travancore by King Rabbi Verma was sold for $ 22 million.

Steve Austin

Steve is a really a Tech Geek sitting behind this blog with his awesome team, who are passionate about discovering new things online and writing about them. Get most of his Brian by following this blog.

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