New Delhi: The Enforcement Directorate (ED) will soon start the auction of 173 paintings and 11 vehicles of fugitive diamantaire Nirav Modi after it obtained permission from a special court in Mumbai on Wednesday.

The development comes after Nirav Modi was arrested in London's Holborn on Tuesday afternoon in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud case and was on Wednesday sent to Metropolitan Police custody till March 29 after being denied bail.