As Indian authorities continue to work to extradite accused jeweller Nirav Modi, a special Prevention of Money Laundering Act court cancelled arrest warrants for Modi’s brother-in-law in exchange for his cooperation.
After being granted interim bail by Dominican authorities, jewellery tycoon accused of fraud Mehul Choksi has accused Indian authorities of kidnapping him as part of the ongoing Punjab National Bank case.
The Punjab National Bank made a number of applications at a Prevention of Money Laundering Act Court on July 14 to restore assets from two businesses owned by jewellery tycoon Nirav Modi, accused of fraud at the bank.
Purvi Modi, sister of alleged fraudulent jewellery tycoon Nirav Modi, has given over Rs 17 crore to the Indian government as she is given a pardon from criminal proceedings in return for her help with the case.
The UK’s High Court in London has rejected jewellery tycoon Nirav Modi’s application to overturn Westminster Magistrates’ Court’s ruling to extradite him to India to stand trial for fraud at the Punjab National Bank.