Red Corner Notice is issued by Interpol to locate & provisionally arrest an individual awaiting extradition. Mehul Choksi & his nephew Nirav Modi are wanted for the PNB scam.
Modi, who is accused in Punjab National Bank fraud case, has lost his bid to move UK Supreme Court against extradition to India. Political asylum request still pending with UK govt.
The High Court in London said Modi's risk of suicide is not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud & money laundering.
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.
Even as India, Pakistan have seemed on the edge of war, their intelligence services have often sought to find space to de-escalate tensions and reduce risks for the two countries.
Speaking at 2nd Investor Connect, CM Vishnu Deo Sai says 'we have been able to attract a lot of investors.' The focus of the event was the steel sector.
In largest overhaul of military command in 5 decades, Field Marshal Asim Munir set to assume post of Chief of Defence Forces tomorrow, as Army claims primacy in Pakistan armed forces.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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