Confirming the operation, the Embassy of India in Lisbon stated that the extradition was conducted in accordance with the bilateral extradition agreement signed between India and Portugal.
In May 2017, Mallya was found guilty of violating the top court order by siphoning away $40 million from his account.
With this, Nirav Modi becomes only the second accused so far under the Fugitive Economic Offenders Act (FEOA) to have been declared a 'fugitive economic offender' after Vijay Mallya.
The court rejected his bail plea despite an offer of an 'unprecedented bail package', which included 4-million pounds in security as well as house arrest akin to those imposed on terrorist suspects.
The court is hearing the extradition case of Nirav Modi in the $1 billion Punjab National Bank (PNB) fraud and money laundering case.
Mallya's latest social media comments follow a recent interview in which Prime Minister Modi said that recovering an amount more than what Mallya defrauded was a big win for India.
Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the UK for alleged bank fraud and money laundering amounting to an estimated Rs. 9,000 crore.
External Affairs Ministry Spokesperson Raveesh Kumar said India will continue to work with the British government for 'expeditious' implementation of the court order.
Mallya’s claim of meeting the Finance Minister before fleeing triggered a controversy in India. Arun Jaitley rebuffed Mallya’s claim stating that he had “never given him (Mallya) any appointment to meet me” since 2014.
