Nirav Modi’s seaside bungalow demolished using explosives

The sprawling seaside mansion of fugitive diamantaire Nirav Modi, accused in the USD 2 billion PNB fraud case, was demolished Friday using explosives, Raigad District Collector Vijay Suryawanshi said.

The district collector told agencies that it was controlled blasting.The bungalow, which was built around 2009-2010, was infamous for lavish parties that Nirav Modi, the prime accused in the Rs 13,500 crore Punjab National Bank fraud case, threw for friends and family.The property was seized by the Enforcement Directorate (ED), which has charged Modi with money laundering in the PNB fraud case, and the seized objects are expected to be auctioned to raise money.

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