MUMBAI (Reuters) - An Indian financial crime-fighting agency said on Thursday it has seized a Rolls Royce Ghost, a Porsche Panamera and some half a dozen more luxury vehicles belonging to billionaire jeweller Nirav Modi and his firms, in a probe into an alleged $1.8 billion (1.3 billion pounds) fraud against state-run Punjab National Bank.
Modi, his companies, and other firms with links to his uncle Mehul Choksi, are at the heart of the alleged fraud that involved illegally issued letters of undertaking (LOUs) from the second-largest Indian state-run lender that were used to get loans from overseas branches of mostly Indian banks.
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