British court dismisses Nirav Modi’s lawsuit and orders extradition to India

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London: The High Court in London on Wednesday dismissed the case of fugitive Diamantaire Nirav Modi and ordered his extradition to India.

The diamond trader faces fraud and money laundering charges estimated at an estimated $2 billion in the Punjab National Bank (PNB) loan fraud case, news agency PTI reported.

The verdict was delivered by Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the appeal hearing earlier this year.

Modi, who is behind bars at Wandsworth Prison in south-east London, was granted permission to appeal the Westminster Magistrates’ Court decision in favor of extradition by District Judge Sam Goozee last February.

The 51-year-old is charged with a large-scale fraud at PNB by fraudulently obtaining Letters of Commitment (LoUs) or loan agreements. Another case against Modi is related to money laundering of the proceeds of this scam.





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