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A UK court on Thursday ruled that fugitive diamantaire Nirav Modi can be extradited to India to face charges of fraud and money laundering amounting to an estimated USD 2 billion.
The court accepted the Indian case that he threatened witnesses and tampered with evidence.
London: A UK court on Thursday (February 25) ruled that fugitive diamantaire Nirav Modi can be extradited to India to face charges of fraud and money laundering amounting to an estimated USD 2 billion.
The court ordered the extradition of Nirav Modi, who is wanted for fraud and money laundering in the ₹ 14,000-crore Punjab National Bank (PNB) scam, accepting the Indian case that he threatened witnesses and tampered with evidence.
UK court allows Nirav Modi s extradition to India
Nirav Modi was arrested on an extradition warrant on March 19, 2019 on charges of money laundering
Thursday February 25, 2021 8:03 PM, IANS
New Delhi: In a major setback to fugitive diamond merchant Nirav Modi, a UK court on Thursday ordered his extradition in connection with the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case, after almost a two-year long legal battle.
The District Judge at the Westminster Magistrates Court, Samuel Goozee, accepted the prima facie evidence against Modi for money laundering, saying: Many of these are a matter for trial in India. I am satisfied again that there is evidence that he could be convicted, according to reports.