Nirav Modi Scam At PNB

Fugitive diamond merchant Nirav Modi's application hearing seeking permission to reopen his extradition appeal concluded in the High Court in London, with claims that he faces a "real risk of torture" during interrogations by the investigating agencies in India. Lord Jeremy Stuart-Smith and Justice Robert Jay, presiding over the appeal at the Royal Courts of Justice, reserved their judgment at the end of a day-long hearing on Tuesday. "This case is of extreme importance, to Mr Modi and to the Indian officials who have travelled from India. We will deliver the judgment as soon as possible," said Stuart-Smith, as the hearing listed over two days was wrapped up early. The54-year-old businessman, wanted in India to stand trial on charges of fraud and money laundering in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case, appeared via videolink from Pentonville prison in north London. His lawyers relied heavily on the extradition case of Sanjay Bhandari the defence .

A London court will on November 23 hear fugitive diamantaire Nirav Modi's petition to reopen his extradition trial on the grounds that he may face interrogation by agencies if repatriated to India, a claim agencies are likely to counter with an assurance that he will not be quizzed. Modi, who has exhausted all his legal appeals till the Supreme Court, had approached the Westminster Court with a plea to reopen his extradition trial, understood to be on the grounds that if extradited to India, he would be subjected to interrogation by various agencies, which may result in torture, they said. The agencies probing the matter may reiterate their past assurance to the court that Modi, when extradited, will be put to trial in accordance with Indian laws and will not face any interrogation by the agencies. "We have already filed the chargesheets in the case. His questioning is not needed as of now. Our investigation is almost complete. He is needed to face the trial. In case the court in th

A special CBI court granted him pardon on the condition that he would make "full and true disclosure of all circumstances within his knowledge concerning the offence and every other person involved"

UK court has accepted Nirav Modi's plea to reopen his extradition case, citing risk of interrogation; Indian agencies are preparing a detailed response to contest the claims

Nehal Modi, brother of fugitive Nirav Modi, has been arrested in the US on India's request in connection with the ₹13,000 crore PNB bank fraud. He faces extradition on money laundering charges

A Mumbai court has allowed the release of Nirav Modi and Purvi Modi's assets worth ₹66.33 crore, attached by the ED in the PNB fraud case, to help recover losses

Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case

"A part of the defrauded amount that was attached and seized by it has been restituted (restored) to the victim banks," ED added

Fugitive diamond merchant Nirav Modi, jailed since March 2019, faces another legal setback as the UK High Court dismisses his 10th bail plea in the PNB fraud case

The Indian team will be headed by a senior officer from the MEA. Some meetings have also been scheduled with UK officials to seek pending information on the seized assets of the wanted fugitives

Last week, DRT-I Recovery Officer Ajeet Tripathi put up HCL House in Marol for e-auction, plus 3 other lots of properties to recover a portion of the outstanding of a staggering Rs 22,13,16,39,411

Fugitive jeweller and designer had fled India in early 2018, days before the details of his alleged role in large-scale fraud at the Punjab National Bank became public

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The High Court of London (United Kingdom) on Wednesday dismissed the appeal of Nirav Modi, who is wanted in India to face money laundering and fraud cases.

The Enforcement Directorate said it attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe.

The 51-year-old diamond merchant had lodged an appeal last year against his extradition order on mental health grounds.

The 51-year-old diamond merchant had lodged an appeal against his extradition order on mental health grounds

Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond

In an exclusive interview with Business Standard, diamantaire Mehul Choksi claims he turned a defaulter only after banks "wrongly implicated" him in the Nirav Modi case and his assets were seized

A bankruptcy court in New York has dismissed a petition of fugitive of diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them. The allegations were made by Richard Levin, the court appointed trustee of three US corporations--Firestar Diamond, Fantasy Inc and A Jaffe--indirectly owned by Nirav Modi previously. Levin had also sought a minimum compensation of USD 15 million for harm suffered by the debtors of Modi and his associates Mihir Bhansali and Ajay Gandhi. Southern District of New York Bankruptcy Court Judge Sean H Lane issued the order last Friday, in a major blow to the Indian fugitive and his accomplices. ' SDNY Bankruptcy Court Judge Lane in a clear decision denied defendants Modi, Bansali and Gandhi's motions to dismiss US Trustee Richard Levin's amended complaint in the adversary proceeding arising out of Modi's initial chapter 11 bankruptcy petition, alleging fraud, breach of fiduciary duties, RICO and related state law claim