Fourteen months after he fled India, Nirav Modi was arrested in London on Wednesday in connection with a Rs 13,500 crore Punjab National Bank (PNB) fraud case and was sent to police custody till March 29 after being denied bail.
Nirav Modi, India's fugitive jeweller to the stars, refused to submit to extradition when he appeared in a London court on Wednesday.
Modi's legal team was headed by Barrister George Hepburne-Scott and his solicitor, Anand Doobay, is the same legal expert hired by liquor baron Vijay Mallya in his extradition proceedings against India. The 48-year-old businessman was arrested from Holborn on Tuesday afternoon.
Modi's world began unraveling in February of past year, when India's Central Bureau of Investigation registered a First Information Report (FIR) against him, alleging he defrauded state-owned Punjab National Bank (PNB) of some $2 billion by using phony letters of undertaking.
Modi, who denies wrongdoing, left India before the details of the fraud became public. The other main suspect is his uncle, Mehul Choksi, who has decamped...
As per the preliminary submissions made by Modi's lawyer, it seems the argument in his defence will revolve around human rights and prison conditions and that the charges are politically motivated.
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Warren echoed her call the same day, saying, "It's not just about expansion, it's about depoliticizing the Supreme Court". Under the Constitution, states have the power to determine how they award their electoral votes in national elections.
Fugitive Nirav Modi, accused in PNB scam, has been arrested in London. He launched his own eponymous brand in 2010 and he soon had stores across India, as well as in New York, London and Hong Kong.
Naomi Watts and Deborra-Lee Furness flank Modi at the 2015 grand opening of his boutique in NY.
In 2017, before the alleged fraud, Forbes put Modi's estimated wealth at $1.73 billion. But his empire began to crumble after the fraud allegations, and he was removed from the publication's billionaires list in 2018.
An Interpol red notice was issued on the request of the Indian authorities in July for Modi's arrest but he continued to remain at large.
British daily The Telegraph had earlier spotted Modi walking on the London streets and reported that he was living in a swanky 8 million pound apartment in West End and was now involved in a new diamond business.