The United States may try to stake claim for fugitive Nirav Modi's extradition from the UK so that he can be charged under the stringent Racketeer Influenced and Corrupt Organizations (RICO) Act in an American bankruptcy court. This move may prompt the Indian diamond merchant who is behind bars in London not to contest his extradition back home since he faces a stiffer punishment in the US.
In February 2018, three companies linked to Nirav – Firestar Diamond International, A Jaffe and Fantasy Inc – filed for bankruptcy protection in the United States of America (USA). However, earlier this week