PNB Scam Case: UK Government has approved extradition of Nirav Modi to India but still he has two options to escape. Modi can take the path of Vijay Mallya.
Punjab National Bank fraud case accused Nirav Modi
Nirav Modi PNB Scam Case Timeline: The way has been cleared to bring the fugitive diamond trader Nirav Modi (Nirav Modi) who had cheated Punjab National Bank. Just before the visit of British Prime Minister Boris Johnson to India, the Home Minister Preeti Patel signed the extradition of Modi (Nirav Modi is in which Country). India has achieved this success after a two-year battle in a British court. Last month, the British court accepted the demand to extradite Nirav Modi to India. After being brought to India, Modi will remain in Arthur Road Jail in Mumbai.
According to the news agency ANI, a CBI official has said that the approval has been received from Britain’s Home Minister Preeti Patel to bring Nirav Modi to India. Now the process of bringing Modi to India will be started soon. Nirav Modi and his maternal uncle Mehul Chowkley (Nirav Modi and Nirav Modi) are alleged to have committed a fraud of Rs 13,600 crore from Punjab National Bank through fake letter of undertaking (LOU). Both of them were absconding since 2018. After which the matter was revealed.
When and what happened?
On January 29, 2018, Punjab National Bank filed a police case against Naveer Modi, Mehul Choksi (Nirav Modi and Mehul Choksi) and other accused for committing fraud of Rs 281 crore. On February 5, 2018, the Central Bureau of Investigation (CBI) initiated an investigation into the alleged fraud case. On February 16, 2018, the Enforcement Directorate (ED) seized diamonds, gold and jewelery worth Rs 5674 crore from the house and office of Nirav Modi. On 17 February 2018, CBI made the first arrest in the case (Nirav Modi in London). Two PNB employees and executive of Nirav Modi Group were detained.
After this, on 17 February 2018, the government suspended the passports of Nirav Modi and Mehul Choksi for four weeks after the PNB scam was revealed. On 21 February 2018, CBI arrested Nirav Modi’s company CFO and two other senior executives of the company itself (Nirav Modi Extraction Court). Also, his farmhouse in Alibaug was sealed. On February 22, 2018, the ED seized nine luxury vehicles belonging to Nirav Modi and his company. On 27 February 2018, a magistrate court issued a bailable warrant against Nirav Modi.
Red Corner notice issued
On June 2, 2018, Interpol issued a red corner notice against Nirav Modi in the money laundering case. On June 25, 2018, the ED reached the Mumbai special court and demanded the extradition of Nirav Modi. On 3 August 2018, the Government of India requested the UK authorities to extradite Nivar Modi (Nirav Modi Current Status). On 20 August 2018, when Indian officials came to know of his presence in London, CBI officials asked Interpol Manchester to take Nirav Modi into custody. On 27 December 2018, Britain informed India that Nirav Modi was living in his own country.
On March 9, 2019, the British newspaper ‘The Telegraph’ confirmed Nirav Modi’s presence in Britain and said that he has been seen roaming the streets here. On March 9, 2019, the ED told that the UK government has sent a request for extradition of Nirav Modi to a court there for further processing. On March 18, 2019, a London Westminster court issued an arrest warrant against Nirav Modi after the UK Home Department sent a request from the Indian government to the court.
Nirav Modi arrested
On 20 March 2019, Nirav Modi was arrested in London and produced in a Westminster court. Where he was expressly refused to give bail. On 20 March 2019, Nirav Modi was sent to Wandsworth Jail, where he remained till 29 March. Then on 29 March 2019, the Westminster magistrate court of London also dismissed his second bail plea and said that there are ‘sufficient grounds’ which prove that he has not surrendered himself. The judge set April 26 as the date for the next hearing, in which Modi appeared from the jail through video link.
On May 8, 2019, Nirav Modi’s bail was dismissed for the third time. On June 12, 2019, a UK court rejected Nirav Modi’s bail for the fourth time. The court feared that he might be absconding. On 22 August 2019, Nirav Modi’s remand was extended to 19 September (Nirav Modi Extraction). On November 6, 2019, a British court rejected Modi’s new bail plea. On May 11, 2020, a five-day extradition hearing started against Nirav Modi in the UK in the PNB fraud case itself. On May 13, 2020, the Indian government gathered more evidence against Modi in the money laundering case.
The last hearing held in 2021
On 7 September 2020, a UK court showed the Arthur Road Jail in Mumbai via video. Nirav Modi’s remand was extended on 1 December 2020, and then the last hearing began in 2021. On January 8, 2021, a British court said that a decision will be given on February 25 in the matter of extraditing Nirav Modi. On 25 February 2021, the court said that Nirav Modi could be extradited to India. Where he will face charges of fraud and money laundering. However, Nirav Modi still has options to save. He has 14 days to appeal against extradition.
Nirav Modi may challenge the decision of the lower court in the High Court. If his appeal is accepted, he will fight the case in the High Court. But if the High Court also approves his extradition, then he can file an application for asylum in the UK (Nirav Modi Hindi News). Earlier, Preeti Patel had also signed the extradition of Vijay Mallya in February 2019 but she had applied for asylum. If Nirav Modi also does the same, then it will be difficult to extradite him to India till the time it takes to consider his application.
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