Road clear for Nirav Modi's return to India, loses last appeal in UK a

Road clear for Nirav Modi’s return to India, loses last appeal in UK against extradition

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Road clear for Nirav Modi’s return to India, loses last appeal in UK against extradition

December 15

17:50 2022

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by indadmin

New Delhi,Nov 15 : Fugitive Indian diamond trader Nirav Modi lost his appeal to take his fight against extradition before the UK Supreme Court. Nirav Modi, who is currently behind bars at Wandsworth prison in London, has no legal options left in the UK now.

Last month, Nirav Modi filed an application before the UK High Court for permission to appeal against his extradition to India in the UK Supreme Court. This came after the 51-year-old diamantaire had lost an appeal against extradition on mental health grounds as the court stated that his risk of suicide was not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering.

Political asylum in UK: Nirav Modi’s last ditch effort to escape Indian laws

Nirav Modi had fled India when the Punjab National Bank (PNB) scam was unearthed. Nirav Modi is the prime accused in the Rs 13,000-crore PNB scam.

The Indian authorities have been trying to extradite Nirav Modi from the UK to face charges of defrauding PNB worth Rs 7,000 crore, money laundering and also destroying evidence and intimidating witnesses.

Nirav Modi is the subject of two sets of criminal proceedings in connection with the PNB scam. The CBI is probing a large-scale fraud upon PNB through the fraudulent obtaining of letters of undertaking (LoUs) or loan agreements while the Enforcement Directorate (ED) is investigating the laundering of the proceeds of that fraud.

-The India Today