Nirav Modi's seized artwork auctioned; Akbaruddin attaks PM Narendra Modi; more

The income tax department Tuesday evening auctioned the artworks owned by the absconding diamantaire Nirav Modi, who fled the country after duping state-run lender PNB of a whopping Rs 14,000 crore, for Rs 59.37 crore.

Of the gross proceeds, the department will get a net of Rs 54.84 crore, with the rest being the commission to the auction house Saffronart and the buyers' premium.