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'Nirav Modi has a case to answer in India, says UK court clearing extradition of fugitive diamantaire

Document Cited in Related
Vincent
Published date25 February 2021
Date25 February 2021
AuthorSNS Web
Publication titleStatesman, The (India)
Nirav Modi, who is facing charges of fraud and money laundering in the PNB) scam case, had contested his extradition to India as he appeared via videolink from Wandsworth Prison in south-west London at Westminster Magistrates' Court of District Judge Samuel Goozee.

District Judge Samuel Goozee observed that there were "clearly links between Nirav Modi and other connivers including officials of the bank".

"Mr Modi personally subsequently wrote to PNB acknowledging the debt and promising to repay. The CBI is investigating that Nirav Modi firms were dummy partners," District Judge Samuel Goozee noted adding that these companies were shadow companies operated by Nirav Modi.

"I do not accept that Nirav Modi was involved in a legitimate business. I find no genuine transactions and believe there is a process of dishonesty.

"The manner in which Letters of Undertaking were obtained, the combination as a whole, takes us to the conclusion that Nirav Modi and co were fraudulently operating," he said.

"Many of these are a matter for trial in India. I am satisfied again that there is evidence he could be convicted. Prima facie there is a case of money...

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