Absconding industrialist extradited from Indonesia

Absconding industrialist Vinay Mittal, wanted in seven bank fraud cases worth Rs 40 crore, has been extradited to India from Indonesia, officials said Tuesday.

His name had figured in the list of prominent fugitive economic offenders of the Government which contained names of Vijay Mallya, Nitin Sandesara, Nirav Modi, Mehul Choksi, Jatin Mehta among others.

The agency had registered cases against Mittal in 2014 and 2016 on the request of Corporation Bank and Punjab National Bank, which is reeling under Rs 13,000 crore bank fraud allegedly perpetrated by Nirav Modi and Mehul Choksi, they said.

The agency had filed seven charge sheets in courts of Delhi and Ghaziabad against him after which he purportedly escaped from the country, they said.

The court has declared him as absconder and the agency issued a Red Corner Notice against him, they said
He was arrested by Indonesian authorities in January 2017 on the basis of Red Corner Notice, they said