BMC attaches Nirav Modi's properties for tax recoveryMarch 05, 2020 15:02
The Brihanmumbai Municipal Corporation has attached three out of four properties here of fugitive diamond businessman Nirav Modi for the recovery of property tax worth Rs 9.5 crore pending against them, a civic official said on Thursday.
Since, the Enforcement Directorate is in the process of auctioning four properties of the businessman, including three commercial and a residential one, the civic body has also written a letter to the agency asking to pay property tax dues as early as possible.
A commercial property of Nirav Modi is located at the Peninsula Business Park in Lower Parel area of Mumbai and two commercial ones are at Kohinoor City in suburban Kurla. Besides, a residential property is located at Kalina, a senior civic official said.
Property tax worth Rs 9.5 crore is outstanding against the four properties, the official said, adding that they have already attached three properties - two commercial and one residential - and the process of attachment of the fourth is in process. -- PTI