Delhi Chief Minister Arvind Kejriwal on Friday trained guns on Bharatiya Janata Party (BJP), asking the party to “give specific timelines by when will they bring Vijay Mallya and Nirav Modi back to India”.
” BJP govt shud give specific timelines by when will they bring Vijay Mallya and Neerav Modi back to India. By when will the money be recovered from them?”, tweeted Kejriwal.
BJP govt shud give specific timelines by when will they bring Vijay Mallya and Neerav Modi back to India. By when will the money be recovered from them?
— Arvind Kejriwal (@ArvindKejriwal) February 16, 2018
Accusations against Nirav Modi
Diamond merchant Nirav Modi has been accused of a Rs 11,500 crore fraud by the Punjab National Bank (PNB).
On 14 February, PNB, the second largest public sector bank in India, detected a $1.8 billion fraud in its Brady House Branch, in south Mumbai.
The fraud, which includes money-laundering, concerns the Firestone Diamonds group in which the CBI last week booked billionaire diamond trader and designer Nirav Modi, his wife Ami, brother Nishal and maternal uncle Mehul Choksi.
The Central Bureau of Investigation (CBI) on Thursday sealed billionaire jewellery designer Nirav Modi’s house, while Enforcement Directorate (ED) conducted raids at multiple locations, in connection with a Rs 280 crore money laundering case against him and others, following a complaint by Punjab National Bank (PNB).
Earlier this year, the CBI had registered an offence against PNB officials, Nirav Modi and his family, while the ED had filed a case under the Prevention of Money Laundering Act (PMLA).
The CBI has booked Modi, his brother, wife and a business partner for allegedly cheating PNB of over Rs 280.70 crore in 2017.
ED has also carried out multiple raids on showrooms, workshops, offices and residences of Nirav Modi, Choksi. They have also seized diamonds, jewellery and gold worth Rs 5,100 crore.
Vijay Mallya’s money laundering case
While liquor baron Vijay Mallya, who is currently living in United Kingdom, is wanted in India on charges of fraud and money laundering. He is a subject of an extradition effort by India
Mallya and his companies have been embroiled in financial scandals, and controversies since 2012.
Mallya left India on 2 March 2016. A group of 17 Indian banks are trying to collect approximately Rs 9,000 crore (US$1.4 billion) in loans, which Mallya has allegedly routed to gain 100% or a partial stake in about 40 companies across the world.
The Enforcement Directorate of India also filed a money laundering case against him in March 2016 for allegedly sending abroad some Rs 900 crore (US$140 million) that had been loaned to his airline.
He has been declared a “proclaimed offender” by the Prevention of Money Laundering Act (PMLA) court on a request by the Enforcement Directorate.