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Setback for Nirav Modi as UK Excessive Courtroom orders his extradition to India to face fraud expenses

The Excessive Courtroom in London on Wednesday rejected the enchantment 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 Nationwide Financial institution (PNB) mortgage rip-off case, information company PTI reported.

The decision was delivered by Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the enchantment listening to earlier this 12 months.

Modi, who stays on the Wandsworth jail in south-east London, was granted permission to enchantment towards District Decide Sam Goozee’s Westminster Magistrates’ Courtroom ruling in favor of extradition final February. The 51-year-old’s enchantment was on the grounds of his psychological well being. The go away to enchantment within the Excessive Courtroom was granted on two grounds – underneath Article 3 of the European Conference of Human Rights (ECHR) to listen to arguments if it might “unjust or oppressive” to extradite Modi attributable to his psychological state and Part 91 of the Extradition Act 2003, additionally associated to psychological unwell well being.

Modi is at present 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 corporations managed by him had benefited from the issuance of fraudulent letters of endeavor from the financial institution. He faces two further expenses of “inflicting the disappearance of proof” and intimidating witnesses or “felony intimidation to trigger loss of life”, which had been added to the CBI case.

With PTI inputs

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