A special court in Mumbai has allowed the Enforcement Directorate’s plea seeking extradition of fugitive billionaire jeweller Nirav Modi in a money laundering case related to 13,000 crore rupees PNB fraud. Judge MS Azmi allowed the ED to initiate the extradition process yesterday.
ED counsel Hiten Venegaokar said the order will be sent to External Affairs Ministry, which will forward it to the UK government. The agency had moved the extradition application on Monday.The court had last week issued a non-bailable arrest warrant against Nirav Modi after taking cognisance of the charge sheet.
Nirav Modi, his uncle Mehul Choksi and others are being probed by various agencies after the bank fraud came to light following a complaint from the Punjab National Bank that they allegedly cheated it to the tune of over 13,000 crore rupees.
The CBI and the ED have registered two FIRs each in the case.