Nirav modi latest news

Nirav Modi is a Indian businessman who is currently facing extradition proceedings in the United Kingdom in connection with the Punjab National Bank (PNB) fraud case. Here are some of the latest news updates on Nirav Modi:

Recent Developments:

  1. Extradition Hearing: Nirav Modi's extradition hearing is ongoing in the UK. The hearing, which began in May 2022, is expected to conclude in August 2022.
  2. New Evidence: The UK authorities have presented new evidence against Nirav Modi, including documents and witness statements, to support the extradition request.
  3. Indian Government's Efforts: The Indian government has been making efforts to bring Nirav Modi back to India to face trial. In June 2022, the government wrote to the UK Home Secretary, requesting that Nirav Modi be extradited to India.
  4. Assets Seized: The UK authorities have seized Nirav Modi's assets, including a £1.1 million (approximately ₹12 crore) flat in London, as part of the extradition proceedings.
  5. PNB's Loss: The Punjab National Bank (PNB) has estimated that it lost around ₹13,000 crore (approximately $1.7 billion) due to Nirav Modi's fraud.

Recent News Articles:

  1. The Hindu: "Nirav Modi's extradition hearing: UK court to deliver verdict in August" (July 2022)
  2. The Times of India: "Nirav Modi's assets worth £1.1 million seized in UK" (June 2022)
  3. The Economic Times: "India writes to UK Home Secretary, seeks Nirav Modi's extradition" (June 2022)
  4. The Indian Express: "Nirav Modi's extradition hearing: UK court to hear new evidence" (May 2022)
  5. Business Standard: "PNB's loss due to Nirav Modi's fraud estimated at ₹13,000 crore" (April 2022)

Previous Updates:

  1. Arrest: Nirav Modi was arrested in March 2019 in London on charges of fraud and money laundering.
  2. Extradition Request: The Indian government had requested the UK authorities to extradite Nirav Modi to India in February 2019.
  3. Fraud Case: Nirav Modi is accused of cheating the Punjab National Bank (PNB) of over ₹13,000 crore (approximately $1.7 billion) by obtaining loans and letters of credit using fake guarantees.
  4. Interpol Red Notice: Nirav Modi was issued an Interpol Red Notice, which is a request to law enforcement agencies worldwide to arrest and extradite him.

Please note that the information provided is based on publicly available news articles and may not be exhaustive or up-to-date.