The Excessive Court docket in London on Wednesday rejected the attraction of fugitive diamond service provider Nirav Modi and ordered his extradition to India to face costs of fraud and cash laundering, amounting to an estimated USD 2 billion within the Punjab Nationwide Financial institution (PNB) mortgage rip-off case, information company PTI reported.
The decision was delivered by Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the attraction listening to earlier this yr.
Modi, who stays on the Wandsworth jail in south-east London, was granted permission to attraction towards District Choose Sam Goozee’s Westminster Magistrates’ Court docket ruling in favor of extradition final February. The 51-year-old’s attraction was on the grounds of his psychological well being. The depart to attraction within the Excessive Court docket was granted on two grounds – beneath Article 3 of the European Conference of Human Rights (ECHR) to listen to arguments if it will “unjust or oppressive” to extradite Modi on account of his psychological state and Part 91 of the Extradition Act 2003, additionally associated to psychological unwell well being.
Modi is presently present process extradition proceedings within the UK. He was booked within the alleged Rs 13,500-crore PNB fraud case, the place it was claimed that corporations managed by him had benefited from the issuance of fraudulent letters of endeavor from the financial institution. He faces two further costs of “inflicting the disappearance of proof” and intimidating witnesses or “legal intimidation to trigger demise”, which have been added to the CBI case.
With PTI inputs