Billionaire Indian diamond miner Nirav Modi loses extradition appeal from UK

Billionaire Indian diamond miner Nirav Modi loses extradition appeal from UK


London
CNN:

The London court on Wednesday rejected the appeal of the Indian billionaire Nirav Modi against his extradition from the United Kingdom to India on charges of fraud and money laundering.

British police arrested a diamond dealer in London in 2019 for his alleged involvement in a $2 billion bank fraud.

Last year, Modi’s lawyers challenged a court order allowing the British government to extradite the fugitive businessman, citing his mental health and suicide risk.

London’s High Court rejected the appeal on Wednesday, saying Modi’s suicide risk did not rule out his extradition.

Judge Jeremy Stewart-Smith, one of the two judges, said they were “far from satisfied that Mr Modi’s mental state and suicidal risk are such that it would be either unjust or oppressive to extradite him”, the court ruled. in .

“Based on the assurances that (the Government of India) have given, we accept that there will be adequate medical care and an adequate plan for Mr. Modi’s management and medical care that will be provided knowing that he is a suicidal risk,” the judges said.

Modi’s alleged fraud first came to light in 2018 when Punjab National Bank, one of India’s largest banks, reported fraud at one of its branches.

India then issued an Interpol Red Notice for Modi’s arrest, and authorities in London were asked to execute it. India’s foreign ministry said in a statement at the time that it welcomed the arrest and would seek Modi’s extradition as soon as possible.

According to India’s Central Bureau of Investigation (CBI), Modi and bank officials allegedly gave fake bonds to foreign banks to get a buyer’s loan.

Forbes once ranked Modi as India’s 85th richest person with a net worth of $1.8 billion.

CNN reached out to his attorney after Wednesday’s court order, but has not yet heard back.

Modi, who remains in London’s Wandsworth prison, can appeal Wednesday’s court order to Britain’s Supreme Court.



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