In a setback to fugitive diamond businessman Nirav Modi, the Bombay High Court on Wednesday allowed the Enforcement Directorate (ED) to auction 15 rare paintings owned by Rohin Trust. The High Court has rejected the plea filed Nirav Modi's son, Rohin Modi, in which he challenged the auction of paintings by ED.

During the investigation, the agency has seized some rare paintings at Nirav Modi's residence in connection with Punjab National Bank fraud case of Rs 13,000 crore.