Listening to has been accomplished in a UK courtroom relating to the extradition of diamond businessman Nirav Modi from Punjab Nationwide Financial institution to Bharivada. It’s anticipated that the ultimate choice on this can be pronounced on 25 February.
The UK courtroom was advised that fugitive diamond dealer Nirav Modi was overseeing a “Ponzi-like scheme” which led to an enormous fraud with the Punjab Nationwide Financial institution of India (PNB).
This was mentioned within the ultimate listening to in a UK courtroom in Nirav Modi’s extradition case to India. The British Crown Prosecution Service (CPS) is arguing on behalf of the Indian authority within the case. The emphasis of CPS is on the problem of fraud at first sight. Together with this, emphasis can also be being laid on the case of cash laundering in order that justice might be achieved within the case.
Fugitive diamantaire Nirav Modi’s extradition trial concludes, verdict anticipated on 25th February 2021.
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– ANI (@ANI) January 8, 2021
It was mentioned on the second day of the two-day listening to within the case. Nirav Modi participated on this listening to via video hyperlink from Wandsworth Jail in south-west London. District Decide Samuel Gooji seemed on the proof within the case. These evidences have been already introduced in London’s Westminster Justice of the Peace’s courtroom throughout a number of hearings on this case final 12 months. Now the ultimate listening to of the case has been accomplished.
Right here, the sister and brother-in-law of fugitive diamond dealer Nirav Modi has develop into a authorities witness within the two billion greenback Punjab Nationwide Financial institution (PNB) rip-off. Giving this info on Thursday, the Enforcement Directorate (ED) mentioned that each will assist in seizing belongings price Rs 579 crore. Within the case of cash laundering within the Punjab Nationwide Financial institution (PNB), the ED is presently investigating towards Nirav Modi, his relative Mehul Choksi and others in a jail in London.
Heera businessman’s youthful sister East Modi (47) is a citizen of Belgium, whereas her husband Mayank Mehta is a British citizen. He’s mentioned to be primarily based overseas and has by no means been concerned within the investigation. East Modi is allegedly an accused within the prison financial institution fraud case and a listening to is occurring towards him. On this case, a number of chargesheets have been filed towards him by the Central Bureau of Investigation (CBI) with the Enforcement Directorate.
Additionally learn: Sister-in-law of Nirav Modi, brother-in-law official witness in PNB cash laundering case