India auctions fugitive billionaire’s art, raises $8 million

A staff member looks at his phone as artworks once part of billionaire jeweller Nirav Modi's collection are seen on display ahead of their auction at a gallery in Mumbai, India, March 25, 2019. REUTERS/Danish Siddiqui

MUMBAI (Reuters) – Indian tax authorities raised about $8 million in an auction on Tuesday of rare oil paintings that were once part of fugitive billionaire jeweller Nirav Modi’s collection and seized by the government. Tax authorities who are pursuing Modi in connection with the country’s largest bank fraud appointed auction house Saffronart to carry […]

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