Million-pound paintings, watches, Birkin bags and cars: Nirav Modi's seized luxury goods go up for ...

This time last year, we reported on the first sales by the Indian Tax Recovery Office of valuable works of art in the collection of Nirav Modi, the fugitive billionaire Modi had been accused of defrauding the state-run Punjab National Bank to the tune of $2 billion - described as the biggest banking fraud in the country's history This week, a second sale is to take place that will include 14 paintings together with expensive watches, handbags, and a $135,000 Rolls-Royce Ghost, which hint at Modi's lifestyle.

A painting, Boy with Lemons, 1935, carries one of the highest estimates ever placed on a work by Amrita Sher-Gil, an artist so revered in India that her work cannot be exported Modi bought it in 2008 for $1.6 million, a record price for the artist at the time, though any profit or loss to him is now irrelevant A five-day extradition trial is due to take place in May.

Modi still maintains his innocence At auction, large single vintage prints by Newton can make half a million pounds. . Source