Media Eye News Bureau: A magistrate's court recently issued a bailable arrest warrant against Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be ‘benami.’

 Benami properties are those that are not bought and registered in the name of their real owner. Holding benami properties is an offence.

An Income Tax department official said that the department was investigating the matter against Modi since 2017 but declined to disclose the details of the property.

The official added, “When we went to his residence in Worli recently with summons, we found it locked.”

The court has adjourned the case till next month.