Security guards stand inside a Nirav Modi showroom during a raid by the Enforcement Directorate, a government agency that fights financial crime, in New Delhi, India, February 15, 2018. REUTERS/Adnan Abidi
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An Indian financial crime-fighting agency said Thursday it has seized a Rolls Royce Ghost, a Porsche Panamera and some half a dozen more luxury vehicles belonging to billionaire jeweler Nirav Modi and his firms, in a probe into an alleged $1.8 billion fraud against state-run Punjab National Bank.In what has been dubbed the biggest fraud in India's banking history, police have so far arrested a dozen people -- six from the bank and six more from Modi and Choksi's companies -- as they continue the probe.It also said it had frozen shares and mutual funds worth 78 million rupees held by Modi and 867.2 million rupees by Choksi.
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