In interview with Business Standard, PNB scam accused alleges he was ‘victim of kidnapping’ in May 2021 and wants to clear his name in India, but his health keeps him in Dominica.
Opening the appeal on behalf of Nirav Modi, Edward Fitzgerald QC argued that he is at high risk of suicide already and his condition is likely to deteriorate further in Mumbai.
The allegations were made in a New York court by Richard Levin, the court appointed trustee of 3 US firms —Firestar Diamond, Fantasy Inc & A Jaffe, indirectly owned by Modi previously.
The investigation is based on nearly 12 million documents obtained by the International Consortium and Investigative Journalists. The list names several prominent Indians and world leaders.
The bank in July had filed multiple applications seeking the release of properties mortgaged with PNB against credit facilities extended to two of Nirav Modi's firms.
UK court ruling is a blow to the Indian government that’s seeking to charge Nirav Modi on home turf, where Modi’s lawyers argue he’ll face an unfair trial in the PNB scam.
The court was hearing an extradition appeal of Nirav Modi, who is wanted in India to face charges of fraud & money laundering in the estimated $ 2-billion PNB scam case.
Nirav Modi's extradition would be 'flagrant denial of justice' and should be blocked on mental health ground, say papers prepared by his lawyer for hearing in UK High Court Wednesday.
While the 1991 reforms reduced one form of crime — gold smuggling — they brought other challenges with the introduction of global technology and trade.
From Japan in the 1960s to China in the 2000s, many countries transformed their economies by using competitive exchange rates as part of their industrial strategies.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
COMMENTS