Heena Sharma Blog

Fugitive diamantaire Nirav Modi , who is fighting extradition to India, was on Thursday further remanded in custody until August 6 after he appeared at a regular remand hearing before a UK court on charges over the nearly $2 billion Punjab National Bank fraud and money laundering case. The 49-year-old jeweller, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year, appeared via videolink before Chief Magistrate Emma Arbuthnot at Westminster Magistrates' Court in London for a regular 28-day "call-over" hearing until the second leg of his extradition trial begins in September. "Nice to see you looking well," said Judge Arbuthnot, as she informed Modi of his next videolink call-over hearing on August 6. In May, District Judge Samuel Goozee presided over the first part of the extradition trial, held in a partial remote setting due to the coronavirus lockdown restrictions, with the second part scheduled for a five...

The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, brother of Nirav Modi, the main accused in the $2 billion PNB scam case , officials said on Friday. They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate. Nehal Deepak Modi was born in Antwerp, Belgium and he knows languages such as English, Gujarati and Hindi, according to the RCN. Nehal has been named in the charge sheet filed by the ED in this case and he has been charged with destruction of evidence. Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India's biggest bank fraud that came to the fore last year. The Punjab National Bank is stated to be duped of nearly Rs 14,000 crore in this scam. Read More Article Source -> Business Standard