There are about 28 high profile Indian business of the country looted about Ten Trillion Rupees from the Indian bank
₹14,000 cr PNB scam accused Nirav Modi, along with his uncle Mehul Choksi, had been booked by investigative agencies CBI and ED in January 2018 for what is now known as the PNB scam. Diamond traders Modi and Choksi had together defrauded the Punjab National Bank of Rs 13,500 crore through fraudulent letters of undertaking. Both fled the country before an FIR was registered by the CBI against them in 2018.
UK Home Secretary Priti Patel cleared fugitive billionaire Nirav Modi’s extradition to India, CBI officials said. Earlier, a UK court ordered the extradition of the diamantaire who is wanted in the ₹14,000-crore PNB scam. The judge ruled that Mumbai’s Arthur Road Jail is fit for him and said there’s no risk of suicide for him if he’s sent to India.
In July, 2018, India sent a request to the UK to extradite Modi based on ED and CBI chargesheets. On February 11, 2020, India issued a further extradition request for two additional offences which Modi faces as part of the CBI case.
These offences relate to allegations that Modi has interfered with the CBI investigation by causing the disappearance of evidence and intimidating witnesses. Modi had been staying nearby at a plush penthouse in Centrepoint in the heart of the UK capital at the time of his arrest.
The UK court had delivered the verdict holding that the evidence against Modi was prima facie sufficient to order his extradition to India to face the charges. The court had also upheld the assurances of the Government of India and rejected the submissions of defence regarding human rights violations, fair trial and prison conditions.
