Fugitive diamond merchant Nirav Modi, whose extradition to India was ordered by UK Home Secretary Priti Patel, has lost the first stage of his extradition appeal in the High Court in London.
As per editorji, he loses his first battle against his extradition to India in London High Court. He appealed ‘on paper’ to the High Court for any grounds challenging the order of extradition. London HC rejected Nirav Modi’s appeal ‘on the paper’. Nirav Modi has only one option left of a brief oral hearing in the HC until next.
The Central Bureau of Investigation (CBI) and the ED (Enforcement Directorate) have registered cases against Nirav Modi for defrauding the Punjab National Bank and committing money laundering.
He was arrested in March 2019. He has since been imprisoned in Wandsworth, south London.
On February 25, 2021, Westminster Magistrates’ Court Judge Sam Gooze ruled that Neerav Modi was guilty and that the bars to extradition under UK law do not apply in this case.
On the other hand, ED not only attached/seized assets worth Rs. 18,170.02 crore (80.45% of total loss to banks) in the case of Vijay Mallya, Nirav Modi and Mehul Choksi under the PMLA but also transferred a part of attached/ seized assets of Rs. 9371.17 Crore to PSBs and Centre.