Connect with us

National

Nirav Modi’s presence confirmed in UK, CBI moves for extradition

Published

on

New Delhi  |  The UK has confirmed to the CBI that the fugitive billionaire Nirav Modi, alleged to be the mastermind of India’s biggest banking fraud of over USD 2 billion, is in their country, officials said today.

The Central Bureau of Investigation submitted an extradition request to the home ministry immediately after getting the confirmation, they said.

The request to bring him back will be sent to the United Kingdom through the External Affairs Ministry.

The agency has also requested authorities in the UK to detain him on the basis of the Red Corner Notice issued by the Interpol against him, they said.

The RCN was issued on the request of the CBI in June this year, officials said.

In its RCN issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.

Nirav Modi, along with his wife Ami Modi, a US citizen, brother Nishal Modi, a Belgian citizen, and uncle Mehul Choksi, all accused in the CBI’s FIRs in the case, left the country in the first week of January, weeks before country’s biggest banking scam surfaced.

Choksi has been located in Antigua, where he has taken citizenship, officials said.

Nirav Modi and Choksi have refused to return to India to join the probe, citing business and health reasons, they said.

Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI had said earlier.

“After the passport was revoked/cancelled by the External Affairs Ministry, we had updated this information in the diffusion notice. The information that Nirav Modi’s passport has been revoked was provided in the Interpol central database, available to all the member countries, on February 24,” CBI spokesperson Abhishek Dayal had said.

After the “diffusion” notice was issued by the Interpol on the request of the CBI, the agency followed it up with six countries where Nirav Modi was suspected to have fled to, he had said. The agency requested these countries to share information about his whereabouts and movements.

The agency sent these reminders to the Interpol coordination agency of the United Kingdom on April 25, May 22, May 24 and May 28.

The scam pertains to the alleged issuance of fraudulent Letters of Undertakings (LoUs) of more than USD 2 billion to companies of Nirav Modi and his uncle Mehul Choksi by the Punjab National Bank’s Brady House branch in Mumbai during 2011-17, officials said.

An LoU is a guarantee given by an issuing bank to Indian banks with branches abroad to grant short-term credit to the applicant.

Nirav Modi and his companies allegedly availed a credit from the overseas branches of Indian banks using the fraudulent PNB guarantees given through LoUs and letters of credit issued by the Brady House branch which were not repaid, bringing the liability on the state-run bank, the officials said.

National

Vijay Mallya submits reply in Mumbai Court against ED’s plea terming his fugitive economic offender

News Desk

Published

on

Vijay Mallya

Mumbai | Liquor Baron Vijay Mallya on Monday submitted his reply in the Mumbai special court for the petition filed against him by the Enforcement Directorate (ED) terming him a fugitive under the new Fugitive Economic Offenders Act.

Earlier during the hearing on September 3, the special court had given a 3 week period for Vijay Mallya to submit its reply on ED’s petition. The new introduced Fugitive Economic Offenders Act confiscate properties of economic offenders who have left the country to avoid facing criminal prosecution. The act also prescribes measures to deter fugitive economic offenders from evading prosecution by staying abroad.

Vijay Mallya is wanted in India for defaulting Rs 9,000 crore worth loans of various banks in India. Escaping the Indian Agencies Mallya has flown to UK in March 2016. In April 2018 Mallya was arrested by the Scotland Yard on an extradition warrant.

Continue Reading

National

Supreme Court refers PIL against female genital mutilation to five-judge constitution bench

Published

on

By

Supreme Court

New Delhi | The Supreme Court Monday referred to a five-judge constitution bench the plea challenging practice of female genital mutilation among Dawoodi Bohra Muslims.

A bench comprising Chief Justice Dipak Misra and justices A M Khanwilkar and D Y Chandrachud was hearing a PIL filed by a Delhi-based lawyer challenging the practice of female genital mutilation (FGM) of minor girls of the Dawoodi Bohra Muslim community.

Female genital mutilation is performed “illegally upon girls (between five years and before she attains puberty)” and is against the “UN Convention on the Rights of the Child, UN Universal Declaration of Human Rights of which is India is a signatory”, the plea said, adding the practice caused “permanent disfiguration to the body of a girl child”.

A group of Dawoodi Bohra Muslim community members had earlier told the apex court that the female circumcision is practised by a few sects of Islam, including the Dawoodi Bohra community, and the validity of this be examined, if at all, by a larger constitution bench.

Continue Reading

National

Pakistan’s ‘one-trick pony’ act on Kashmir has no resonance in UN: India

Published

on

By

India

New York | With Pakistan expected to rake up the Kashmir issue during the high-level UN General Assembly session this week, India said a “one-trick pony” can “regurgitate” the same act but “single act plays” have no resonance on multi-lateral platforms like the United Nations.

India’s Permanent Representative to the UN Ambassador Syed Akbaruddin said the UN General Assembly session is a global platform to address global issues, yet each country is sovereign and can do what they feel is in their best interests.

“If somebody else would like to be a one-trick pony, it is for them to regurgitate and act. We have handled this act many times in the past and are confident that we will do so again,” Akbaruddin told reporters here Sunday.

He was responding to a question on Pakistan expected to rake up the Kashmir issue “at a higher decibel” during the high-level session of the 73rd UN General Assembly beginning at the world body’s headquarters Monday.

“Our contention is that the UN works best on multilateralism and multi-lateral platforms work best when nations work in partnerships.

“Single act plays have no resonance in such matters. Anybody can try and be a solo player. However solo players in a multi-lateral context have neither the past or a future,” he said adding that it is a country’s call on how they spend the time allocated to them during the UNGA session.

India works in partnerships, Akbaruddin said, adding that India is proud that its priorities during the General Assembly have great resonance in the international community.

Pakistan has consistently used the platform of the UN General Assembly to rake up the Kashmir issue and its leaders have sought to internationalize it during their addresses in the General Debate. India responds strongly to Pakistan, whose attempts to raise the Kashmir issue every year at the multi-lateral forum have found no resonance with the international community.

Following India’s acceptance of Pakistan Prime Minister Imran Khan’s request for a meeting, External Affairs Minister Sushma Swaraj and her Pakistani counterpart Shah Mahmood Qureshi were slated to meet on the sidelines of the General Assembly.

However, India called off the meeting, citing the brutal killings of three policemen in Jammu and Kashmir and Islamabad releasing postage stamps “glorifying” Kashmiri militant Burhan Wani.

Khan had tweeted that he is disappointed at the “arrogant and negative” response by India to his call for resumption of the peace dialogue.

When asked about Khan’s response, Akbaruddin said India is a multi-literalist nation and responds to multi-lateral issues of a global nature that it is confronted with. What you have raised is an issue relating to our bilateral ties. Those will be addressed bilaterally in the format that we desire to address them.

On whether India will raise strongly the issue of cross-border terrorism during the UNGA session, Joint Secretary for UN Political in the Ministry of External Affairs Dinesh Patnaik said the issue of cross-border terrorism has been raised by the country since 1996 when it put in the idea of the Comprehensive Convention on Terrorism. Akbaruddin said the scourge has been and is a concern for India.

“It’s a global concern. Terrorism is threatening countries across vast spades of land in diverse continents,” he said adding that terror outfits such as Boko Haram and Islamic State are a threat to several countries across Africa and West Asia.

“Even in our neighbuorhood, terrorism has increased as a major threat. This has been our perennial concern and obviously perennial concerns will be articulated in unison with many other countries who are raising this,” he said.

Pakistan’s foreign minister Shah Mahmood Qureshi is expected to highlight the situation in Kashmir during his the General Assembly address, Pakistani media reported on Monday.

Qureshi arrived in New York over the weekend and is scheduled to address the annual world body session on September 29.

Continue Reading

Popular Stories

Copyright © 2018 Theo Connect Pvt. Ltd.