Nirav Modi, recently accused of committing a fraud of over Rs 11,400 crore, has reportedly fled the country, leaving thousands of his employees jobless and some remarkable buildings in Mumbai stranded. One such building is Rhythm House in Kala Ghoda, which the billionaire diamond jeweller bought for Rs 32 crore to reportedly turn it into a showroom.
The Enforcement Directorate (ED) has attached 21 properties worth Rs 524 crore owned by Modi under the Prevention of Money Laundering Act (PMLA).
When Mahindra Group Chairman Anand Mahindra got wind of the news, he started a tweet thread asking if others would be interested in restoring the iconic music store if the ED eventually plans to auction it.
Mahindra suggested that people collectively acquire the building and turn it into “a performance venue for rising musicians & a hangout for music lovers”.