Nirav Modi, once touted as a billionaire designer diamantaire, and now wanted on charges of fraud and money laundering in the $2-billion (Rs 14,000-crore) Punjab National Bank scam case, was on Thursday ordered by a London court to be extradited to India, with the judge ruling that the 49-year-old did have a case to answer before Indian courts.
The verdict will, as is the procedure in Britain, be referred to the country’s home secretary, Priti Patel, to authorise deportation at her discretion. But Nirav Modi is permitted to appeal against the ruling to the high court.
After nearly two years of proceedings