Nirav Modi will be extradited to India like Michel: Prakash Javadekar

Minnie Murray
March 21, 2019

Nirav Modi applied for bail which was rejected by London Court.

The court, after briefly hearing arguments on behalf of Modi, denied him bail.

As per an India Today report, the ED last week filed a supplementary charge-sheet in the PNB scam, naming Ami as an accused in the case in a special Mumbai court.

Under UK domestic law, the CPS said he is liable on charges of conspiracy to fraud, which has a maximum jail term of seven years, and conspiracy to hide, which could result in anywhere between seven, 10 and life term in jail.

The diamond magnate was arrested in the Holborn area of central London on Tuesday after he went into a bank to open an account and a member of staff contacted police.

It follows the arrest warrant issued last week, after Home Secretary Sajid Javid referred India's extradition request for Modi to the court.

The news of Modi's arrest comes as the ED registered new charges against him and 26 others for alleged violations of the country's Prevention of Money Laundering Act. Modi's legal team was headed by Barrister George Hepburne-Scott and his solicitor, Anand Doobay, is the same legal expert hired by liquor baron Vijay Mallya in his extradition proceedings against India.

Modi was remanded in custody until his next appearance at the same court on March 29. "He contests the extradition case and allegations", said Modi's counsel.

Modi's world began unraveling in February of a year ago, when India's Central Bureau of Investigation registered a First Information Report (FIR) against him, alleging he defrauded state-owned Punjab National Bank (PNB) of some $2 billion by using phony letters of undertaking.

"It's amusing to see the BJP falling over itself to credit the PM with the Nirav Modi arrest while completely ignoring the fact that it was The Telegraph of London & it's correspondent who found Nirav Modi, not the PM & his agencies", he tweeted. Once the extradition hearing begins, the courts will decide whether the offences Modi is charged are punishable in the United Kingdom as well. Modi is also a defaulter for the Income Tax Dept. Union ministers Ravi Shankar Prasad and Hardeep Singh Puri hailed the arrest of Nirav and said that it was a major achievement for the Narendra Modi-led government. Mallya's extradition is presently pending at this stage.

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