New Delhi:

Nirav Modi, the diamond businessman from Gujarat who fled India after allegedly dishonest a authorities financial institution of over Rs 11,000 crore, is a step nearer to being extradited to India from the UK.

Mr Modi, 51, had appealed towards being despatched again to India to face trial within the huge fraud case linked to Punjab National Bank, or PNB.

He misplaced the attraction within the London High Court as we speak. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who heard the attraction earlier this 12 months, delivered the decision that allowed the fugitive businessman’s extradition to India.

“…We are far from satisfied that Mr Modi’s mental condition and the risk of suicide are such that it would be either unjust or oppressive to extradite him,” the court docket stated, in line with information company PTI.

The course of to carry Mr Modi from London to Mumbai’s Arthur Road Jail nonetheless has some solution to go. His uncle, Mehul Choksi, who has taken up citizenship of Antigua and Barbuda, can also be accused of dishonest PNB and wished by Indian companies.

Mr Modi can method Britain’s Supreme Court towards the High Court’s order inside 14 days. But there is a catch – he can attraction within the Supreme Court provided that the excessive court docket agrees that his case includes a degree of legislation of common public significance.