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.
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.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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