[ad_1]
The High Court in London on Wednesday rejected the attraction of fugitive diamond service provider Nirav Modi and ordered his extradition to India to face expenses of fraud and cash laundering, amounting to an estimated USD 2 billion within the Punjab National Bank (PNB) mortgage rip-off case, information company PTI reported.
The verdict was delivered by Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the attraction listening to earlier this 12 months.
Modi, who stays on the Wandsworth jail in south-east London, was granted permission to appeal against District Judge Sam Goozee’s Westminster Magistrates’ Court ruling in favor of extradition final February. The 51-year-old’s attraction was on the grounds of his psychological well being. The depart to attraction within the High Court was granted on two grounds – below Article 3 of the European Convention of Human Rights (ECHR) to listen to arguments if it might “unjust or oppressive” to extradite Modi as a result of his psychological state and Section 91 of the Extradition Act 2003, additionally associated to psychological sick well being.
Modi is presently present process extradition proceedings within the UK. He was booked within the alleged Rs 13,500-crore PNB fraud case, the place it was claimed that firms managed by him had benefited from the issuance of fraudulent letters of enterprise from the financial institution. He faces two further expenses of “causing the disappearance of evidence” and intimidating witnesses or “criminal intimidation to cause death”, which have been added to the CBI case.
With PTI inputs
[adinserter block=”4″]
[ad_2]
Source link