A London court on Monday issued an arrest warrant against fugitive diamantaire Nirav Modi in response to Enforcement Directorate s request for his extradition in a money laundering case. Nirav Modi, who was last spotted in London on March 8, is likely to be produced before the court on March 25. India has been following the extradition case with the UK government.
The ED has been informed about the issuance of the warrant by the Westminster Magistrate Court against Modi and he is expected to be put under formal arrest by the local police soon, news agency PTI reported, adding he will subsequently be brought before the court to secure bail and the legal proceedings for his extradition will begin thereafter.
Earlier on March 9, Ministry of External Affairs spokesperson Raveesh Kumar had said, The government will do everything that is necessary to bring him back. We have been aware of his presence in the UK. Ever since we submitted the extradition request to the UK, the matter is under consideration of the British government.
Nirav Modi, 48, is accused of defrauding the Punjab National Bank (PNB) with over Rs 13,700 crore. The ED and the CBI are investigating Nirav Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in PNB’s Brady House branch in Mumbai that was unearthed in 2018.
The Interpol has issued a Red Corner Notice (RCN) for his arrest after India s request.
Both the CBI and the ED has chargesheeted him. The ED has attached his assets worth Rs 1,873.08 crore under the Prevention of Money Laundering Act (PMLA). The ED has also seized assets linked to him and his family worth Rs 489.75 crore.
According to UK-based daily, Nirav Modi has taken accomodation in a swanky 8 million pounds apartment in London’s West End. Nirav Modi has also been involved in a new diamond business, it reported, showing a video of him walking in the streets of London.