United Kingdom court remands fugitive diamantaire Nirav Modi to custody till March 29

United Kingdom court remands fugitive diamantaire Nirav Modi to custody till March 29

United Kingdom court remands fugitive diamantaire Nirav Modi to custody till March 29

A warrant has been issued for the arrest of fugitive diamantaire Nirav Modi, but his extradition proceedings in the Westminster Magistrates Court may not begin until the Home Office considers and takes a decision on his application for asylum in the UK. A preliminary hearing in Modi's extradition case was set for March 29. Nirav Modi was arrested after the Enforcement Directorate's extradition plea.

India had asked Britain in August to extradite Mr. Modi, one of the main accused in the $2 billion loan fraud at state-run Punjab National Bank (PNB).

The tycoon, who dressed stars including Kate Winslet, Dakota Johnson and Priyanka Chopra, faces charges of fraudulently acquiring guarantees from Punjab National Bank that was later used to obtain loans from overseas, according to complaints filed by the lender. Nirav Modi has also been arrested.

Modi has been living at an apartment in London's West End, British newspaper The Telegraph had reported earlier this month.

In the prison in south London, 48-year-old Modi's inmates will include the likes of alleged Dawood henchman Pakistani-origin Jabir Moti, now undergoing extradition proceedings to the US. He will remain in custody till March 29, the next date of hearing.

March 2018: The UK authorities confirm that Nirav Modi is in London. All thieves under the leadership of Narendra Modi will be put behind the bars and will have to return the looted money to the nation,"Javdekar said".

Modi was arrested at the Holborn area of central London.

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Modi, who is wanted for allegedly duping the Punjab National Bank of over Rs 13,000 crore, was arrested in London on Tuesday.

April 8, 2018: A court in Mumbai issues non-bailable arrest warrants for the nephew-uncle duo on the CBI's request.

Modi was produced before the Westminster Magistrates' Court on Wednesday, where he contested his extradition to India.

It said the United Kingdom government's "consistent stand" had been that a non-bailable warrant (NBW) against an accused could only be executed through an "extradition request" and not through letters rogatory (LR) or the Mutual Legal Assistance Treaty (MLAT).

Following the report, the Opposition had criticised the government for not being able to bring Modi back to the country, where he faces several cases.

But now, as Modi and his lieutenants, who are all calling themselves chowkidaar, go to town with the #MainBhiChowkidaar campaign, Nirav Modi's arrest and the developments in Mallya's extradition case will add credibility to the promise of fighting corruption in high places.

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