A court here will give its verdict on Thursday on extradition of wanted diamond trader Nirav Modi to India in connection with the fraud of nearly two billion dollars from Punjab National Bank. Nirav Modi is currently lodged in a London jail. Modi (49) is expected to appear in Westminster magistrate court via video link from Wandsworth Jail in south-west London, where District Judge Samuel Gooji will deliver his verdict that there is a case for the diamond businessman to appear before Indian courts Or not.
The magistrate’s court verdict will then be sent to Britain’s Home Minister Preeti Patel for signature. However, depending on the verdict, either side is likely to appeal to the High Court. Nirav Modi was arrested on 19 March 2019 on an extradition warrant and was involved through video links from Wandsworth Jail during several hearings in connection with the extradition case. Many of his attempts to bail have been rejected in the magistrate court and the high court as he is at risk of absconding.
He will have to face criminal proceedings under the cases registered by the CBI and the Enforcement Directorate in India. Apart from this, some other cases are also registered against him in India. Like Nirav Modi, India is also awaiting extradition of Vijay Mallyo from Britain, who escaped from the country after taking a loan of thousands of crores of rupees from government banks. Mallya is presumably seeking political asylum after the court announces his extradition.