The Enforcement Directorate (ED) that seized over 10,000 imported watches from several locations connected to diamond czar Nirav Modi contend that the watches might have been imported for "business purpose". The imported watches were seized from the 60 plastic containers from several locations connected to the diamond czar during the searches carried out in the last few days in connection with an ongoing probe in the Rs. 11,300 crore Punjab National Bank fraud case.