Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. 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 Magistrates Court in London. “I am satisfied on the evidence that a prima facie case of fraud and money laundering is established,” said Judge Goozee, as he read out parts of his judgment in court and concluded that he will send his ruling to the UK s Secretary of State, Priti Patel.
Nirav Modi can be extradited to India in PNB scam case, says U K court
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UK Judge To Rule on Nirav Modi Extradition Today, All You Need to Know About PNB Scam Case
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Nirav Modi Can Be Extradited to India: UK Court
The judge said that prima facie charges had been established against Modi, and he has a âcase to answer for in Indiaâ.
Nirav Modi. Photo: Nirav Modi Jewels/Facebook
Business25/Feb/2021
New Delhi: Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a UK judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case.
The judge said that
prima facie charges had been established against Modi, and he has a âcase to answer for in Indiaâ.
The ruling will be sent to the UK s Secretary of State, Priti Patel, who is the authorised to order an extradition under the India-UK Extradition Treaty. She has two months within which to make that decision.
Nirav Modi, who is behind bars in a London prison on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case.
Modi is the subject of two sets of criminal proceedings, with the Central Bureau of Investigation (CBI) case relating to a large-scale fraud upon PNB through the fraudulent obtaining of letters of undertaking (LoUs) or loan agreements, and the Enforcement Directorate (ED) case relating to the laundering of the proceeds of that fraud.