Fugitive diamond merchant Nirav Modi's extradition appeal hearing concluded in London's High Court on Tuesday. The 54-year-old, wanted in India for an estimated USD 2 billion Punjab National Bank loan scam involving fraud and money laundering charges, argued through his legal team that extradition poses a real risk of torture during interrogations. Modi's barrister claimed Indian government assurances are inadequate and unreliable, citing concerns he could be transferred to Gujarat for questioning by agencies beyond the CBI and ED. The Crown Prosecution Service countered that the application was filed out of time and on false premises, emphasizing India's protective factors and the case's high-profile nature would prevent breach of assurances.
Post from MarketNews_en
Log in to interact with content.