New Delhi, Nov 9: The High Court in London on Wednesday rejected the appeal of fugitive diamond merchant Nirav Modi and ordered his extradition to India to face charges of fraud and money laundering, amounting to an estimated USD 2 billion in the Punjab National Bank (PNB) loan scam case, news agency PTI reported.
Modi is currently undergoing extradition proceedings in the UK. He was booked in the alleged Rs 13,500-crore PNB fraud case, where it was claimed that companies controlled by him had benefited from issuance of fraudulent letters of undertaking from the bank.
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