Nirav Modi

The Enforcement Directorate (ED), in the wee hours of yesterday, seized a huge quantity of imported diamond-studded watches of Nirav Modi's company, which were stacked in 176 steel almirahs, 158 corrugated boxes and 60 plastic containers. Officers said the seizure was made from Nirav's Worli residence, and they suspect the watches were for sale and could be worth several crores.