The great chase for Nirav Modi: From Brady House to London’s Holborn


Both Modi and Choksi left India in January past year before the PNB scam came out in the public.

The tycoon, who dressed stars including Kate Winslet, Dakota Johnson and Priyanka Chopra, faces charges of fraudulently acquiring guarantees from Punjab National Bank that was later used to obtain loans from overseas, according to complaints filed by the lender.

An LoU is a guarantee given by an issuing bank to Indian banks having branches overseas to grant short-term credit to the applicant.

The ED and the CBI are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed a year ago.

Prior to rejecting Modi's bail plea, the court had said that Modi had demonstrated "keenness to fully cooperate", agreed to pay tax and had submitted travel documents to the court.

Modi has been living at an apartment in London's West End, British newspaper The Telegraph had reported earlier this month.

The Court was informed that when arrested, Modi's expired passport was seized, and his current passport with the Home Office now has been revoked by the Indian authorities.

The Indian government on Wednesday sought a hearing in the extradition case of Nirav Modi within two weeks by a London Court, which fixed March 29 as the next date in the case.

Liverpool winger Sadio Mane doubtful for Fulham game?
Ajax last won the Champions League in 1995, while Manchester United last won in 2008 and Juventus most recently won in 1996. The Sky Blues are favourites to win all three competitions, thus winning a historic quadruple.

February 28, 2018: The CBI sends a mail to Nirav Modi to ask him to corporate in the investigation.

He was produced before the Westminster Magistrates' Court on Wednesday, where he contested his extradition to India. The court has further issued a non-bailable warrant (NBW) against Nirav's wife Ami Modi.

The Vijay Mallya extradition case, which is now in the appeals court, is seen as a "template" that will mostly be replicated in the Nirav Modi extradition case, when it begins in the Westminster Magistrates Court.

"The allegations in India arose in an unusual way leading him to engage lawyers in the United Kingdom, who have been in contact with the extradition squad of Scotland Yard since February 2018", Scott said, adding that his legal team has since repeatedly informed the United Kingdom authorities that he is?keen to fully cooperate in any extradition matters.

Indian authorities have already moved to recover some of the value of the assets Nirav Modi is alleged to have fraudulent obtained.

According to procedure, a case has to be heard in India against Nirav of defrauding the bank, if it is proved, then the judge might extradite him.

It was a bank clerk who actually recognised him and called the police after which he was arrested.