Published: Tue, June 12, 2018
Economy | By

Indian jeweller accused of multi-billion dollar fraud flees

Indian jeweller accused of multi-billion dollar fraud flees

India said that while there was a possibility of such an incident, "it was the police's inaction that surprised us", and no arrests have been made in the case despite there being "photographic proof". "We afraid they may link the process of extradition of Nirav Modi, Vijay Mallya and others with the signing of the MoU", the official said.

Both Mr Modi and Mr Choksi have denied any wrongdoing. I had a fruitful discussion with my counterpart from the UK. Rijiju had signed a draft agreement on the issue of illegal immigrants in London on January 10 while the formal MoU was supposed to be inked during Prime Minister Narendra Modi's visit to the United Kingdom in April.

"The Mission has also submitted video and photographic evidences of the culprits to the Metropolitan Police and is following up with them", the official said. Rijiju signed the draft agreement following the approval of the Union Cabinet, chaired by Prime Minister Modi late past year. The range of concerns include fear of mass deportation, a consent clause and possible security breaches.

The Indian Express on May 3, 2017 was the first to report on India's reservation on the clauses of the MoU. Over 5,500 people from India have sought political asylum in Britain since 2013, not all of them criminals though. New Delhi is concerned that a large number of Indians can be sent back without any humanitarian considerations. Enforcement Directorate (ED) also issued a non-bailable warrant against Nirav Modi and his family members. The pact, according to officials, would have helped in streamlining the procedure of return, in a specified time-frame, of nationals caught to be staying illegally in the other country. The report claims that MEA is yet to push for extradition in the case as it is waiting for request from relevant authorities.


For those with valid documents, the deadline was agreed to 15 days, officials added.

But he fled India in February for an unknown location after being accused of being at the centre of a $1.8-billion fraud involving India's second largest public lender, Punjab National Bank (PNB).

A senior government official said the flag issue was strongly taken up by the Indian High Commission with the Foreign and Commonwealth Office.

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