New Delhi: Fugitive businessman Nirav Modi will be extradited to India. According to the report, Nirav Modi has lost the appeal in the UK court. Gujarat-based diamond merchant Nirav Modi, who fled India with more than Rs 11,000 crore of state-owned banks, may soon be extradited to India from the UK.
Nirav Modi, 51, had appealed against being deported to India to face trial in a massive fraud case involving Punjab National Bank.
Nirav Modi lost the appeal in the London High Court today. Lord Justice Jeremy Stuart-Smith and Justice Robert J, who heard the appeal earlier this year, delivered the verdict, which allowed the fugitive businessman’s extradition to India.
According to a report, the court said, “… We are not satisfied that Nirav Modi’s mental state and risk of suicide are such that it would be unjust or oppressive to extradite him.”
Nirav Modi can approach the UK Supreme Court within 14 days against the London High Court order, but he can appeal to the Supreme Court only if the High Court agrees that his case involves a law of common public importance.
The process of bringing Nirav Modi from London to Arthur Road Jail in Mumbai is yet to be done. His uncle, Mehul Choksi, who has taken citizenship of Antigua and Barbuda, is also accused of cheating PNB and being wanted by Indian agencies.