Fugitive Nirav Modi has also lost the last chance of his appeal against extradition before the UK Supreme Court. He now has no legal option left in Britain. Nirav Modi is accused of a scam of more than 11 thousand crore rupees in Punjab National Bank in 2018.
New Delhi: Fugitive Nirav Modi has also lost the last chance of his appeal against extradition before the UK Supreme Court. He now has no legal option left in Britain. Although it is now believed that Nirav Modi can adopt some other legal route. He can appeal by going to the European Court of Human Rights. In such a situation, the way for Nirav Modi’s extradition to India has definitely been cleared, but there are many more hurdles which need to be overcome.
Last month, Nirav Modi filed an application before the UK High Court for permission to appeal against his extradition to India in the UK Supreme Court. This came after the 51-year-old diamantaire had lost an appeal against extradition on mental health grounds as the court stated that his risk of suicide was not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering.
Nirav Modi had fled India when the Punjab National Bank (PNB) scam was unearthed. Nirav Modi is the prime accused in the Rs 13,000-crore PNB scam.
The Indian authorities have been trying to extradite Nirav Modi from the UK to face charges of defrauding PNB worth Rs 7,000 crore, money laundering and also destroying evidence and intimidating witnesses.
Nirav Modi is the subject of two sets of criminal proceedings in connection with the PNB scam. The CBI is probing a large-scale fraud upon PNB through the fraudulent obtaining of letters of undertaking (LoUs) or loan agreements while the Enforcement Directorate (ED) is investigating the laundering of the proceeds of that fraud.
