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PNB scam: #NiravModi arrested in London

IndianMascot

Core Member
EntMnt Staff
#1


Fugitive billionaire Nirav Modi could be arrested soon. According to news reports, Westminster Court has issued a provisional arrest warrant against Nirav Modi.

A provisional arrest warrant is a part of the procedure that has to be followed before intiating a formal extradition process.

According to TV reports, Nirav Modi could be produced in court on March 25.

Earlier, after Nirav Modi getting caught live on camera in London, Enforcement Directorate (ED) had said that the UK government has forwarded their extradition request to the court for further proceeding.

"The UK Central Authority of Home Office has confirmed that the extradition request has been sent to the Westminster Magistrate Court for further proceedings," ED had tweeted.

The UK Home Secretary Sajid Javid certified the extradition request for the fugitive diamantaire wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case.

ED clarified that it had earlier sent Letter Rogatory (LR) to 18 countries. It added that acting on its July 2018 request for extradition to UK, its Home Ministry confirmed that the request was certified by the Home Secretary and sent to Westminster Magistrate Court for further proceedings.

DNA
 
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scorpionking76

Core Member
EntMnt Staff
#2
Good. Hope Interpol arrests and hand them over to London court and both Malaya and Nirav come back together. That brings to Lalit modi and chowsky pending to be arrested and extradited.
 

IndianMascot

Core Member
EntMnt Staff
#6
No Bail for Nirav Modi, London Court Says Substantial Grounds to Believe He May Not Surrender

The bail plea of fugitive businessman Nirav Modi, the main accused in the PNB scam case, was rejected by a London court on Wednesday.

The diamantaire was arrested by the Scotland Yard on Tuesday, and was produced before a District Judge at Westminster Magistrates' Court in London to be formally charged. Modi was picked up from a metro station Holborn, central London, said officers in the Enforcement Directorate, which is probing the case against him.

The 48-year-old had offered half-a-million pounds as the bail bond, but the magistrate turned it down "given the high value of funds and access to means to escape".

The judge said there were substantial grounds to believe he would fail to surrender if granted bail.

The London court had last week issued an arrest warrant against Modi in response to a request by the Enforcement Directorate for his extradition in a money laundering case.

The location of the arrest indicated that Modi, wanted in India in connection with the Rs 13,500 crore Punjab National Bank scam case, was arrested from where he is believed to have been living in a plush apartment in Centre Point in the West End.

He is believed to have arrived in London last year and was able to travel in and out of Britain at least four times since his passport was cancelled by the Indian authorities in February 2018.


News18