Nirav is a key accused in the $2 billion Punjab National Bank (PNB) fraud case. Nirav Modi still reserves the right to appeal against the said order before a higher Court in the UK.
Mumbai: After Nirav Modi, CBI now in bid for his brother Nehal s extradition freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Explainer: How ED won the long-drawn legal battle in UK to bring Nirav Modi back
Explainer: How ED won the long-drawn legal battle in UK to bring Nirav Modi back
The ED and CBI have been fighting a tough battle to ensure Nirav Modi returns to India to face the law of the land. While ruling in favour of his extradition, a UK court relied heavily on the evidence provided by the two agencies.
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UPDATED: March 2, 2021 23:22 IST
A UK court has ruled that fugitive businessman Nirav Modi, currently lodged in a London prison, can be extradited to India. (File photo)
Court rules to extradite disgraced jewellery mogul Nirav Modi - Jeweller Magazine: Jewellery News and Trends jewellermagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jewellermagazine.com Daily Mail and Mail on Sunday newspapers.
The key accused in the case were jeweller and designer Nirav Modi, his maternal uncle Mehul Choksi, and other relatives and some PNB employees. Nirav Modi and his relatives escaped India in early 2018, days before the news of the scam became public. PNB scam has been dubbed as the biggest fraud in India s banking history. Bankers used fake Letters of Undertakings (LoUs) at PNB s Brady House branch in Fort, Mumbai. The LoUs were opened in favour of branches of Indian banks for import of pearls for a period of one year, for which Reserve Bank of India guidelines lay out a total time period of 90 days from the date of shipment.