Nirav Modi

Nirav Modi's Bank of India trial adjourned over UK prison paperwork delays

A London court has allowed a plea by fugitive diamond merchant Nirav Modi, wanted in India on fraud and money laundering charges, to adjourn a trial in an unrelated Bank of India unpaid loan case until March over UK prison delays. The 54-year-old accused, fighting extradition to India in the estimated USD 2 billion Punjab National Bank (PNB) loan scam, was shifted from Thameside prison in south London to HMP Pentonville, north London, in October to facilitate an appearance at the High Court in London. At an online review hearing for the USD 8-million Bank of India case on Friday, Judge Simon Tinkler partially granted Nirav's application to adjourn the eight-day January trial by a few weeks until March 23 next year following delays by UK prison authorities in providing access to important legal paperwork. There must, in my judgment, be some doubt as to whether those papers will ever make their way to Mr Modi if they indeed currently still exist, Justice Tinkler noted. It does seem t

Vijay Mallya, Nirav Modi among 15 ‘fugitive economic offenders’ who owe ₹58,000 cr: Govt

The government has informed Parliament that 15 individuals declared as fugitive economic offenders collectively owe over ₹58,000 crore to public sector banks.

Nirav Modi claims 'sensational developments' to come in UK extradition case

Fugitive diamantaire Nirav Modi, in prison for over six years, has told a UK court there are sensational developments to come when his Indian extradition case on fraud and money laundering charges reopens for a hearing in London next month. The 54-year-old appeared in the dock before High Court Judge Simon Tinkler at the Royal Courts of Justice here on Friday to present his defence in an unrelated case, involving an over USD 8 million unpaid Bank of India debt. The judge turned down Nirav's application for a stay on the proceedings on the grounds of technical and medical constraints in prison, which is set to proceed to a trial scheduled in January 2026. They (Bank of India) refer to my extradition I'm still here. There will be some sensational developments, and I have never used these words before, said Nirav, during a pre-trial review hearing. The fugitive diamond merchant, wanted in India in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case, told the court he

Nirav Modi raises 'interrogation' ground to reopen extradition trial in UK

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

CBI court pardons Nirav Modi's brother-in-law, makes him approver

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 agrees to hear Nirav Modi's plea to delay extradition to India

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

CBI helped bring back 134 fugitives from abroad in past 5 years: Officials

The CBI has succeeded in facilitating the return of 134 fugitives from abroad in the last five years -- nearly twice the number of repatriated persons over an entire decade between 2010 and 2019, officials said. Coordinating closely with Interpol as well as state and central enforcement agencies, the CBI was able to secure the extradition or deportation of these 134 fugitives since 2020. Of these, 23 were brought back this year alone. In contrast, only 74 fugitives were brought back during the decade between 2010 and 2019. The uptick in the success rate can easily be attributed to enhanced diplomatic engagements by the government, India's outreach through VVIP visits, bilateral ties, technological advancements, and improved coordination with Interpol, the officials said. The process of extradition has three stages: issuance of a Red Notice by Interpol, geolocation of the fugitive, and third, extradition after legal and diplomatic manoeuvres, all of which are time-consuming ...

US arrests Nirav Modi's brother Nehal in ₹13,000 crore PNB scam

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

PNB scam: Court clears release of Nirav Modi's ₹66.3 cr assets for recovery

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 orders Mehul Choksi to pay ₹2.1 crore for insider trading breach

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

UK HC rejected Nirav Modi's bail keeping in mind sheer quantum of fraud: ED

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

UK High Court denies Nirav Modi bail again in Rs 6,498-cr PNB fraud case

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

CoC to meet on JSW-Bhushan case in 3 days: PNB MD & CEO Ashok Chandra

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders

Major fire at ED office likely damaged Choksi, Nirav Modi, Bhujbal records

The Enforcement Directorate has submitted the original investigation records, retaining copies for itself but the fire is likely to impact the questioning of summoned witnesses

Mehul Choksi held in Belgium: Timeline of events leading to his arrest

Fugitive diamantaire Mehul Choksi has been arrested in Belgium for his alleged involvement in the ₹13,850 crore PNB bank loan fraud case

ED attaches fresh assets of Nirav Modi worth Rs 29.75 cr under PMLA

The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank deposits, land, and buildings, it said in a statement. The agency, which has been probing Modi in the alleged USD 2 billion fraud against the Punjab National Bank for over five years now, has attached assets worth Rs 2,596 crore in India and abroad in the past. Modi, 53, is presently lodged in a UK jail and has lost his extradition plea to India in connection with this alleged bank loan fraud case, which is also being investigated by the Central Bureau of Investigation. Modi and his uncle Mehul Choksi, both prime accused in the case, along with others are being probed by the ED on money laundering charges for allegedly perpetrating fraud in connivance with bank officials and b

Nirav Modi, Mallya fled India due to agencies' delay in arrest, says court

Businessmen involved in multi-million dollar scams, such as Nirav Modi, Mehul Choksi and Vijay Mallya, were able to flee the country because probe agencies failed to arrest them at the proper time, a special court here said recently. Special judge M G Deshpande made the remark while hearing a plea of an accused booked under the Prevention of Money Laundering Act (PMLA) seeking modification in his bail condition. The court on May 29 accepted the plea of Vyomesh Shah, an accused in a money laundering case, to drop the bail condition of getting the court's prior permission to travel abroad. The detailed order was made available recently. The Enforcement Directorate (ED) had argued that allowing Shah's application would give rise to situations like Nirav Modi, Vijay Mallya and Mehul Choksi. Rejecting the probe agency's contention, the judge said, "I thoughtfully examined this argument and felt it necessary to note that all these persons fled because of the failure of the investigating

UK court rejects Nirav Modi's bail plea due to 'substantial' flight risk

The court heard that while Modi had lost his legal fight against being extradited, there were "confidential" proceedings ongoing which had been instigated by him

FIR filed over posters carrying picture of PM Modi with fugitives in Delhi

The Delhi Police has registered an FIR in connection with posters carrying a picture of Prime Minister Narendra Modi with fugitive businessmen Nirav Modi and Vijay Mallya that came up in several parts of central Delhi, an officer said on Wednesday. The posters carried the caption "Modi ka asli pariwar" (real family of Modi) with 'Bhartiya Yuva Congress' written at the bottom. A senior police officer said a case under Delhi Prevention of Defacement of Property Act has been registered against unknown persons at Tughlak Road Police Station and the posters have been removed. The case was registered at the complaint of an official from the New Delhi Municipal Council on Tuesday, he said. Police said the posters did not carry the name of the publisher or the person who put them up. PM Modi on Monday said 140 crore Indians are his "family," as he mounted a counter-offensive over RJD's Lalu Prasad's "no family" jibe at him. The BJP rallied behind its leader by launching a "Modi Ka Pariva

India's top team to hasten extradition of Mallya, Nirav Modi in UK: Report

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