ED to contest stay plea by Nirav Modi’s son Rohin on auction of rare paintings

It is reliably learnt by ET that the probe agency is going to cite multiple grounds including contending that the said paintings were allegedly bought by the Rohin Trust through ‘proceeds of crime’ appropriated by defrauding the nationalised bank and laundering the amount to purchase the assets under auction.

from News-Economic Times https://ift.tt/2TlW7IL