Nirav Modi News

The Union government has declared 15 individuals, including notorious businessmen Vijay Mallya and Nirav Modi, as Fugitive Economic Offenders, collectively owing ₹58,000 crore to public sector banks.

The move could mean that Nirav Modi's long-pending extradition to India will be delayed, as he continues to face charges of defrauding a bank, according to a report.

A CPS delegation visited Tihar Jail to support India's extradition efforts for fugitives like Nirav Modi. The Indian government assures safe conditions for extradited individuals to address previous British court concerns.

Arrest of jeweller Mehul Choksi in Belgium has reignited focus on the ₹14,000-crore Punjab National Bank scam from 2018, involving fake loans and significant financial losses. Despite recovery efforts, PNB shares remain below pre-fraud levels, though analysts express optimism for future growth.

Nirav Modi's London apartment is set to be sold after a high court ruling. The property is linked to the Punjab National Bank fraud case, as per the Enforcement Directorate (ED).

After multiple twists and turns in a protracted legal case, Modi on Wednesday lost his appeal against extradition to India as the High Court in London ruled that his risk of suicide is not such that it would be either unjust or oppressive to extradite him to face charges of fraud and money laundering.

Nirav Modi's London apartment is set to be sold after a high court ruling. The property is linked to the Punjab National Bank fraud case, as per the Enforcement Directorate (ED).