india

UK court remands Nirav Modi till June 27

A UK court on Thursday extended till June 27 the remand of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case. The 48-year-old has been lodged at Wandsworth prison in south-west London since his third attempt at […]

india

Nirav Modi to make another bail plea in UK court on May 8

His legal team, led by solicitor Anand Doobay, have previously offered one million pounds as security alongside an offer to meet stringent electronic tag restrictions on their client’s movements, “akin to house arrest”. Illustration: Dominic Xavier/Rediff.com Fugitive diamond merchant Nirav Modi would make another bail plea on May 8 at the UK court where he […]

india

Nirav Modi likely to seek bail again in London court

After being refused bail twice, diamantaire Nirav Modi is expected to seek bail again when the Westminster Magistrates Court takes up his case on Friday in a ‘case management hearing’ before the extradition trial begins later in the year. Modi, 48, is lodged in the Wandsworth prison in south-west London, from where he will appear […]

india

Nirav Modi’s defence team even used his pet dog in attempt to win bail

Clare Montgomery, Modi’s barrister, made a series of offers to try and convince the judge to grant bail. Illustration: Dominic Xavier/Rediff.com Fugitive diamond merchant Nirav Modi failed in his second attempt to get bail in his extradition case at the Westminster Magistrates’ Court in London despite his defence team trying hard to establish his close […]

india

Additional evidence against Nirav Modi submitted in UK court

Besides the passports, Modi also possesses multiple residency cards, some of them expired, but covering countries/regions such as the UAE, Singapore and Hong Kong. A new file with additional evidence against Nirav Modi was submitted in Westminster Magistrates Court on Friday ahead of the fugitive diamantaire’s appearance before a judge for his bail second application. […]

india

RBI slaps Rs 2 cr penalty on PNB for violating SWIFT norms

The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said Tuesday. SWIFT is a global messaging software used for transactions by financial entities. The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his […]

india

Mehul Choksi cites health for not coming to India

Fugitive diamantaire Mehul Choksi’s lawyer filed an application on Friday before the Prevention of Money Laundering Act (PMLA) court citing “medical reasons” for not returning to India to appear before it for his role in the multi-crore Punjab National Bank (PNB) fraud. Through his advocates, Mr. Choksi filed an application that says, “The court should […]