After the court verdict on Nirav Modi, the matter will go to Britain’s Home Secretary Priti Patel for final approval.
The final hearing on the extradition of wanted diamond trader Nirav Modi to India in the PNB scam will be held today. Virtual hearing will take place in front of the Westminster Magistrate of London. Judge Samuel Goozee will give his decision on extradition. Nirav, who is accused of fraud of more than 14 thousand crore loans of Punjab National Bank (PNB), is currently lodged in London’s Wandsworth Jail. The case is going on in court to extradite him to India. After the court verdict, the matter will go to Britain’s Home Secretary Priti Patel for final approval.
Lawyers claim that Nirav Modi is mentally ill
Earlier, the lawyers claimed that Nirav Modi was mentally ill. Also, he made claims of not having appropriate facilities in India’s jail. The Crown Prosecution Service (CPS) is representing the case on behalf of Indian agencies. CPS barrister Helen Malcolm said that the matter is absolutely clear. Nirav, through his company of three partners, committed a bank scam of billions of rupees. While the defense lawyers said that the matter is disputed. Nirav Modi has been wrongly accused.
Accused of loan fraud over 14 thousand crores
Nirav Modi and his maternal uncle Mehul Choksi, along with bank officials, fraudulently loaned more than Rs 14,000 crore to Punjab National Bank. This fraud was done through a letter of guarantee. Two major cases under CBI and ED have been registered in India under bank scam and money laundering. Apart from this, some other cases are also registered against him in India. Nirav Modi challenged his extradition order in a UK court.
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