Indian authorities are negotiating with the UAE about extraditing the jeweller Nirav Modi from the territory to India to stand trial for fraud. These negotiations follow talk with UK authorities on the same.
Interpol has issued a Red Corner Notice against jeweller Mehul Choksi in response to the Central Bureau of Investigation’s continued requests. Choksi is wanted in connection to the Punjab National Bank fraud case.
Nirav Modi does not want to return to India to stand trial as he fears a mob lynching, the accused jewellery tycoon’s lawyer Vijay Agarwal told the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED).
The Enforcement Directorate has attached 11 properties owned by the fugitive jewellery tycoon Nirav Modi to the case, it said on Tuesday. The properties are located in Dubai and worth Rs 56.8 crore ($7.79 million).