Page 2 - Nirav Modi

Nirav Modi's HCL House price slashed, DRT orders re-auction in Feb

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

ICAI can initiate suo moto cases against CAs in Nirav Modi case: Delhi HC

The Delhi High Court ruled that even in absence of a written complaint, the Institute of Chartered Accountants of India has the power to initiate suo motu disciplinary proceedings against its members

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Nirav Modi loses bid to go to UK Supreme Court against extradition to India

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

Nirav Modi seeks permission to appeal extradition in UK top court

Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. The 51-year-old diamantaire lost an appeal on mental health grounds earlier this month, when a two-judge High Court bench ruled that his risk of suicide was not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case. Nirav, who remains behind bars at Wandsworth Prison in London, had two weeks to file an application seeking an appeal on the grounds of a point of law of general public importance, which according to experts is a high threshold that is not met very often. It is unknown if and when extradition may take place as Nirav Modi still has legal challenges open to him, UK Home Office sources said. The Crown Prosecution Service (CPS), acting on behalf of the Indian ...

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Judgement a reminder that fugitives can't be considered above process: CBI

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.

Nirav Modi loses appeal, UK rules suicide risk does not bar extradition

The 51-year-old fugitive diamond merchant has the option of further appeals in the UK and European courts and the process to bring him back to stand trial in India is unlikely to be a speedy one

London high court rejects Nirav Modi's appeal against extradition

The High Court of Justice in London rejected an appeal filed by diamond merchant Nirav Modi on Wednesday against his extradition to India

Experts debate fugitive diamantaire Nirav Modi's suicide risk in UK court

Nirav Modi faces charges of fraud and money laundering, amounting to an estimated $2 bn in the Punjab National Bank loan scam case

London or Londongrad? What makes the UK a hub for global 'dirty money'

According to reports, the 'questionable funds' in the UK amount to over $125 billion every year. What makes London a hub for money laundering? Find out here

ED attaches gems, bank deposits worth over Rs 253 cr of Nirav Modi group

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.

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report

These defaulters have the capacity to repay their loans but choose not to do so, says a report

List of fugitive economic offenders in India does not end with Vijay Mallya

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

UK High Court hears Nirav Modi's plea against extradition to India

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

Nirav Modi extradition appeal to be heard in UK High Court on June 28

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

Choksi pledged diamonds with inflated valuation to get Rs 25 cr loan: CBI

The CBI has filed a fresh case against Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery

Johnson says UK doesn't welcome economic fugitives like Nirav, Mallya

'We don't welcome people who want to use our legal system to evade the law here in India,' the British Prime Minister asserted

Nirav Modi's sister seeks ED intervention in IBC proceedings against him

Nirav Modi, the main accused in the Rs 13,000 crore Punjab National Bank (PNB) scam, was declared a Fugitive Economic Offender in December 2019.

PNB case: Deported official of Nirav Modi's firm remanded in CBI custody

Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials