New Delhi, July 26: The Parliament on Wednesday passed a bill that seeks to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the legal process.
New Delhi, July 3: The Supreme Court has rejected a petition that sought a probe into the PNB scam by a Special Investigation Team. The petitioner said that the SIT would be the competent authority to probe into the scam in which Nirav Modi is the prime accused.
New Delhi, July 2: The Interpol has issued a red corner notice against PNB Fraud accused Nirav Modi. With the notice being issued, it would restrict the moves of the accused who has been moving from one country to another.
Indian billionaire Nirav Modi was living in a flat just above his jewellery store in the post Mayfair area of London while he was being hunted in India for an alleged money laundering case linked to over $2 billion, according to a media report.
Absconding diamond jeweller Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI has said.
Nirav Modi is on the run and despite his passport being revoked, he manages to move between countries with much ease. The accused in the Rs 13,000 crore PNB fraud case had recently travelled to London and is understood to have sought political asylum.
Nirav Modi joined the long list of Indian fugitives to take refuge in the United Kingdom. He now joins an infamous bandwagon comprising, Lalit Modi, Vijay Mallya, music composer Nadeem among others.
Nirav Modi has fled to the United Kingdom and is said to be seeking political asylum. The Financial Times while quoting British and Indian officials said the PNB fraud accused is currently in the UK.
In a major move the Enforcement Directorate has provisionally attached assets worth nearly Rs 170 crore belonging to Nirav Modi in connection with the PNB fraud case. The action was taken under the provisions of the Prevention of Money Laundering Act. This action would now have to be confirmed by the adjudicating authority.
The just promulgated Fugitive Economic Offenders Ordinance is set to roll into motion with the Enforcement Directorate moving to confiscate properties of businessmen Vijay Mallya, Nirav Modi and Mehul Choksi.