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.
According to FIR registered by CBI, fugitive diamantaire Mehul Choksi allegedly pledged gemstones that were 'not real' while seeking a Rs 25 crore loan from IFCI.
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.
The CBI in its supplementary charge sheet said Choksi had prior knowledge of impending criminal proceedings in 2017 and hence fled India in January 2018.
Indian officials in Delhi refused to confirm or deny whether a plane had been sent to Dominica where the 62-year-old Choksi was detained for illegal entry.
The properties attached include a flat in Mumbai, gold and platinum jewellery, diamonds, necklaces made of silver and pearls, watches and a Mercedes Benz.
The ED has charged Ami Modi for conspiring and money laundering with her husband Nirav Modi apart from Mehul Choksi and others under the Prevention of Money Laundering Act.
The cases against Linkson International Ltd pertains to a loss of Rs 62 crore while that of Linkson Ispat and Energies Pvt Ltd to the tune of Rs 31 crore.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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