Rs 13,500-crore PNB fraudster is expected to be brought back to India soon
This is the biggest setback for Nirav Modi with the UK High Court ordering his extradition to India for facing fraud charges.
One of the most infamous scams in India was Rs 13,500-crore PNB fraud case. And the antagonist was Nirav Modi who was booked in the case and was expected to be brought back to India.
As per the allegation of the historical fraud, companies controlled by Nirav Modi had benefited from the bank from issuance of fraudulent letters of undertaking.
Today on Wednesday, the UK High Court in London did not hesitate to reject the appeal of the Indian fugitive. The ‘at large’ diamond merchant Nirav Modi is going to face the court order which has decided his extradition to India for for his trial against the fraud and money laundering which amounts to an estimated two billion dollars in the loan scam case of Punjab National Bank (PNB).
The historical verdict was delivered by Lord Justice Robert Jay and Justice Jeremy Stuart-Smith and these are the two UK judges who also presided over the appeal hearing this year only.
Nirav Modi was cooling his heels at the South East London’s Wandsworth prison. He was granted permission in last February to appeal against District Judge Sam Goozee’s Westminster Magistrates’ Court ruling which favored his extradition.
The 51-year-old’s scammer appealed on the grounds of his unwell mental health. Two grounds helped him for appealing in the High Court, one of them was – of the European Convention of Human Rights’ Article 3 which permits to hear arguments if it would be “oppressive or unjust” instructing to extradite Modi due to his unwell mental state, whereas the second one was Section 91 of the Extradition Act 2003 which is also related to unwell mental health.
