Nirav Modi. File | Photo Credit: PTI Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. The 51-year-old diamantaire lost an appeal on mental health grounds earlier this month, when a two-judge High Court bench ruled that … Read more
Days after he was found and later arrested in Dominica, the first pictures of India-born fugitive diamantaire Mehul Choksi surfaced on Saturday showing him sustaining several injuries. The pictures, supplied by the AntiguaNewsRoom, is showing him sustaining several injuries on his hands and the left eye which appeared bruised and swollen. Posting the picture, the … Read more
The Rajya Sabha on Thursday gave its nod to the Insurance (Amendment) Bill, 2021, which seeks to raise foreign direct investment in the sector to 74% from existing 49%. “FDI limit not a compulsion, it sets only upper limit. Increasing limit doesn’t mean automatic foreign investment to that level to all companies. Every company will … Read more
India has strongly underlined its interest in the expeditious extradition of former Kingfisher Airlines chief Vijay Mallya, who has completed all the legal processes related to extradition from the UK, during talks between Foreign Secretary Harsh Vardhan Shringla and UK Home Secretary Priti Patel in London. On the last leg of his three-nation Europe tour, … Read more
London: A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain … Read more
Punjab National Bank (PNB) received $3.25 million (Rs 24.33 crore) in the first tranche of recoveries from the liquidation of wilful defaulter Nirav Modi’s assets in an ongoing case in the United States. Further recoveries from the total liquidated amount of $11.04 million (Rs 82.66 crore) realised by the US Chapter 11 trustee will depend … Read more