Wanted diamond merchant Nirav Modi on Tuesday renewed his appeal in the High Court in London against being extradited to India to face charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case.
Michael Polak, part of the legal team representing Choksi said, Michael Polak, part of the legal team representing Choksi said, "What has happened to Choksi has been terrible. He was lured into a property, kidnapped, a bag placed over his head, beaten, forced on to a boat and unlawfully renditioned into another country."
A London court on Monday rejected the bail application filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the United Kingdom, officials said.
Fugitive diamond merchant Nirav Modi, who has been lodged at a prison in London since his arrest in March last year, is set to appear via videolink for the second leg of his extradition trial at a UK court on Monday.
Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, is set to be produced before a UK court for his trial on Monday, to take place in a part-remote setting due to the coronavirus lockdown.
Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, has been remanded in custody by a UK court until April 15.
The 48-year-old diamond merchant, who is fighting extradition to India on charges of nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was produced before Chief Magistrate Emma Arbuthnot at Westminster Magistrates’ Court here for his fourth attempt at bail.
Nirav Modi moved the bail plea in a London court against his continued detention and has asked for house arrest.
Nirav Modi moves new bail application, hearing on Nov 6
Modi's lawyers, in their application before special Judge V C Barde, claimed that the ED was relying upon evidence and statements recorded under the Prevention of Money Laundering Act to seek a remedy under the FEO Act.
Fugitive diamantaire Nirav Modi wanted in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, will appear before a UK court via videolink from his London prison on Thursday for a routine “call-over” remand hearing.
Fugitive diamantaire and key accused in PNB fraud case Nirav Modi's four Swiss bank accounts have been frozen by the authorities in Switzerland on request of India, confirmed Enforcement Department on Thursday.
Authorities at the Arthur Road jail here have kept 'barrack no. 12' ready if fugitive diamond merchant Nirav Modi is extradited from the UK in connection with the USD 2 billion PNB fraud and money laundering case, a Home department official said Tuesday.
Both Choksi and Nirav Modi are absconding since the case was registered by the ED and the CBI. Choksi was last reported to be in the Caribbean nation of Antigua and Barbuda.
The Punjab National Bank had admitted to a massive fraud, which later climbed up to around Rs 13,600 crore, shaking the foundations of the Indian banking sector.
Unlike liquor baron Vijay Mallya, who is accused of a loan default of over Rs 9000 crore, Modi had no Non-Performing Assets (NPAs) when he left the country, his lawyer argued.
Congress alleged that the incumbent government has failed to take action against Nirav Modi and Mehul Choksi despite having information regarding the fraud.
The RCN request was put on hold by the Interpol after a representation by Choksi during which he had alleged that the cases against him were a result of political conspiracy.
Antigua and Barbuda Prime Minister Gaston Browne had earlier claimed that at the time Choksi took the citizenship last year there was no case pending against him.
Last week, an Antiguan media report quoted the Caribbean country's Citizenship by Investment Unit (CIU) as saying that Choksi was granted citizenship there last year after a background check on him got 'no adverse report' from Indian authorities, including police, passport office and SEBI.
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