Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the insurance amendment bill.
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law. The government is persuing extradition of Mallya and Modi from the UK while Choksi is believed to be in Antigua.
Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the insurance amendment bill.
Mallya, an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is in the UK since March 2016.
Nirav Modi and his maternal uncle Choksi fled the country allegedly after committing fraud in the public sector lender Punjab National Bank.
ALSO READ | Mumbai's Arthur Road jail readies special cell for Nirav Modi
In February 25, a UK court ordered Nirav Modi's extradition in connection with the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case, after almost a two-year-long legal battle. Modi is accused of committing a fraud of USD 2 billion (around Rs 14,500 crore) in the PNB.
ALSO READ | Vijay Mallya has applied for ‘another route’ to stay in the UK, says lawyer
