Nirav Modi’s final UK legal gambit has failed, leaving him set to return to India to face trial for the massive PNB fraud. The court accepted India’s assurances on prison and video court appearances, shutting down his last escape route.
The Supreme Court of England and Wales has approached the Delhi High Court seeking judicial assistance in a loan default dispute case involving Nirav Modi, Bank of India, and Firestar Diamond FZE.
The case is reportedly several years old and has been under investigation for an extended period.
Congress leader Jairam Ramesh urged Prime Minister Narendra Modi on Thursday to prioritise the return of fugitives like Vijay Mallya, Nirav Modi, and Lalit Modi during his ongoing visit to the UK.
A fresh bail petition filed by fugitive diamond businessman Nirav Modi against his extradition was rejected by the High Court of Justice, King's Bench Division, London on Thursday.
According to the ED, the Westminster Court issued the arrest warrant against Nirav Modi on March 13.
Soon a joint team of the ED and the CBI would travel to the UK to apprise the lawyers about the Indian case and evidence against Modi, ED sources said.
Nirav Modi is wanted in the Rs 13,500 crore PNB fraud case, and he has an Interpol Red Corner Notice against him; in a video report, UK's The Telegraph newspaper has claimed that the absconding billionaire has been living in London
The report stated that Nirav Modi against whom a Red Corner Notice has been issued by the Interpol has been living in the city’s West End area and has even started a new diamond business.
Nirav Modi and his uncle Mehul Choksi are under probe by both the Central Bureau of Investigation (CBI) and the ED in the Rs 14,000 crore Punjab National Bank fraud case.
