In a significant development in India’s ongoing efforts to recover funds linked to high-profile financial fraud cases, a court in the United Kingdom has ruled in favor of Bank of India, directing fugitive diamond trader Nirav Modi to repay a loan amount exceeding ₹100 crore. The judgment is being viewed as an important milestone in...
Fugitive businessman Nirav Modi is once again at the center of a major legal and diplomatic standoff after his extradition from the United Kingdom to India was reportedly delayed due to undisclosed “secret proceedings” underway in Britain. Indian authorities, who have spent years pursuing Modi’s return in connection with the multi-crore Punjab National Bank fraud...
The Indian government has provided detailed assurances to Belgian authorities regarding the detention conditions of fugitive businessman Mehul Choksi if he is extradited to India in connection with the Punjab National Bank fraud case. In a communication sent to Belgium’s Ministry of Justice and judicial bodies, the Ministry of Home Affairs (MHA) outlined where and...