New Delhi, 9/11: In a setback for Nirav Modi, UK High Court ordered on Wednesday that he be extradited to India to face fraud and money laundering charges.
Nirav Modi is an accused in the Punjab National Bank (PNB) fraud case.
Modi is the subject of two sets of criminal proceedings, with the CBI case relating to a large-scale fraud upon PNB through the fraudulent obtaining of letters of undertaking (LoUs) or loan agreements, and the ED case relating to the laundering of the proceeds of that fraud.
Comments are closed.