Nirav Modi: Diamond trader Neerav Modi, who fled to Britain after evading Rs 14,000 crore from the Punjab National Bank, has been acquitted by a court there. UK court finds money laundering charges against Neerav
Nirav Modi: Diamond trader Neerav Modi, who fled to Britain after evading Rs 14,000 crore from the Punjab National Bank, has been acquitted by a court there. A UK court has ruled that money laundering charges against Neerav have been proven. A London court on Thursday ordered the extradition of Neerav to India. A London court has ruled that Neerav Modi should be extradited to India as all the evidence in the money laundering and PNB bank evasion case has been proved. A British court has ruled that extradition to India would not be unfair to Neerav. A London court has ruled that Neerav is mentally ill.
The case of diamond trader Neerav Modi has been pending in a UK court for two and a half years. He faces charges of fraud and money laundering. To this end, he was taken from Wandsworth Jail to the Magistrates’ Court for trial. District Judge Samuel Gooji, who heard the case, handed down the verdict. However, the court said there was enough evidence to convict Neerav Modi in the money laundering case. However, the verdict will be communicated to UK Home Secretary Preity Patil.
It is well known that India has been asking Britain for years to hand over Neerav in the case of evading Rs 14,000 crore to PNB. Judge Samuel said that India had submitted 16 volumes of evidence against Neerav and that it had identified the evidence submitted by the Indian government.