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.
Nirav Modi was running ponzi-like scheme, UK court told
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Nirav Modi was running ponzi-like scheme, UK court told
PTI / Updated: Jan 8, 2021, 20:39 IST
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Fugitive diamond merchant Nirav Modi (File photo)
LONDON: Wanted diamond merchant Nirav Modi is responsible for overseeing a ponzi-like scheme that caused enormous fraud to India s Punjab National Bank (PNB), the UK court hearing final submissions in the extradition case was told on Friday.
The Crown Prosecution Service (CPS), arguing on behalf of the Indian authorities, focussed on laying out the prima facie case of fraud, money laundering and perverting the course of justice against the 49-year-old jeweller, who followed the proceedings on the second day of a two-day hearing via videolink from a room at Wandsworth Prison in south-west London.