URL copied Image Source : PTI Mumbai s Arthur Jail fit for him : Nirav Modi to be extradited to India to stand trial in PNB Scam
A UK court on Thursday ordered the extradition of diamond merchant Nirav Modi to India to stand trial in the estimated USD 2-billion Punjab National Bank (PNB) scam case. After a nearly two-year-long legal battle, the court ruled that a prima facie case has been established against Modi as it dismissed the diamantaire s mental health concerns stating they are not unusual in a man in his circumstances .
The 49-year-old appeared via videolink from Wandsworth Prison in south-west London and showed no emotion as District Judge Samuel Goozee handed down his judgment at Westminster Magistratesâ Court in London.
Modi was arrested on an extradition warrant on March 19, 2019, and has appeared via videolink from Wandsworth Prison for a series of court hearings in the extradition case.
PNB Loan Scam: Court Takes Cognisance of Charges Against Ex-Banker
Gokulnath Shetty is accused of helping fugitive diamond merchants Nirav Modi and Mehul Choksi perpetrate a multi-crore scam at the government lender when he was in service.
A bird flies past the logo of Punjab National Bank installed on the facade of its office in Mumbai, February 21, 2018. Credit: Reuters/Danish Siddiqui/Files
Law19/Feb/2021
Mumbai:Â A special CBI court here on Thursday took cognisance of a charge-sheet filed against Gokulnath Shetty, a retired deputy manager of Punjab National Bank (PNB), and his wife in a disproportionate assets case and also issued summons to them.
Nirav Modi Scam: CBI court summons ex-PNB manager in disproportionate assets case
Nirav Modi Scam: CBI court summons ex-PNB manager in disproportionate assets case
Assets of PNB scam accused former deputy manager Gokulnath Shetty and his wife Ashalatha are disproportionate to their known sources of income, the special CBI court said.
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File photo of former PNB staffer Gokulnath Shetty (centre) in CBI custody (Photo Credits: Reuters)
HIGHLIGHTS
The Punjab National Bank scam has been valued at an estimated Rs 11,000 crore
Along with Nirav Modi and Mehul Choksi, Gokulnath Shetty was the prime accused in the PNB scam
Former PNB deputy manager Gokulnath Shetty has been behind bars since 2018
Updated Feb 06, 2021 | 07:14 IST
On Friday, Nirav Modi s remand was extended till February 25 when the case for extradition to India will be heard by a UK court Nirav Modi | Photo Credit: PTI
Key Highlights
UK court to pronounce judgement in extradition trial on February 25
UK s Crown Prosecution Services (CPS) had accused Modi of fraud, money laundering and perverting the course of justice
Modi, his uncle Mehul Choksi fled India in early 2018 before news of PNB scam broke out
London: Fugitive diamantaire Nirav Modi, who is currently lodged in a UK jail, on Friday was further remanded in custody until February 25, when the judgement on extradition case will be pronounced.