Years
Nirav Modi, his maternal uncle Mehul Choksi, Nehal Modi and others have been desired by the CBI and the Enforcement Directorate (ED) to fraud a loan of about Rs 13,500 crore from PNB using fake letter of undertaking (LOU). While Nirav Modi’s extradition has already been approved by the UK High Court, the process of bringing him to India is delayed as he has filed several appeals. Nirav, who was lodged in a London jail, was declared a fugitive economic offender in 2019.
Nehal Modi, the younger brother of the fugitive diamond businessman Nirav Modi, was released from a jail in a jail after a three -year jail sentence, arrested in connection with the crores of rupees Punjab National Bank (PNB) scam. Sources said that Belgium citizen Nehal Modi was arrested again on Friday after crimes committed in India and a red notice against him by Interpol. According to the US prosecution complaint, Nehal Modi, detained on Friday, has two allegations – allegations of money refinement and criminal conspiracy and destroying evidence under Section 3 of PMLA.
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Nirav Modi, his maternal uncle Mehul Choksi, Nehal Modi and others have been desired by the CBI and the Enforcement Directorate (ED) to fraud a loan of about Rs 13,500 crore from PNB using fake letter of undertaking (LOU). While Nirav Modi’s extradition has already been approved by the UK High Court, the process of bringing him to India is delayed as he has filed several appeals. Nirav, who was lodged in a London jail, was declared a fugitive economic offender in 2019.
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Earlier this year, the Belgian government said 65 -year -old Choksi was arrested in Antwerp after an extradition request by India. Choksi escaped from India in 2018 and has since been living in Antigua and Barbuda as a citizen. According to investigative agencies, Nehal Modi intentionally and deliberately helped to hide the income of crime and destroy the evidence. Nehal Modi was personally overseeing all accounts, erasing records and impressing employees and participating in destroying evidence regarding money transactions. After the investigation of this fraud began, he also signed a deal for crime by taking 50 kg of gold from Dubai’s Firestar Diamond FZE.
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