Skip to content
Search

Latest Stories

India moves ahead with its efforts to extradite Nirav Modi from UK

THE INDIAN government is moving ahead with its efforts to get extradited billionaire Nirav Modi from the UK.

The business tycoon was tracked down last week at a £8 million flat he is renting in central London.  


Celebrity jeweller, Modi, 48, is wanted in India for legal proceedings in connection with a £1.5 billion fraud case at the state- run Punjab National Bank (PNB).  

According to the media reports in India, country’s federal probe agency-Central Bureau of Investigation (CBI) would now approach Interpol in the UK to ensure Modi doesn’t flee. 

“Since his location is known now, the first step should be to arrest him as there is enough evidence which has been provided to the UK in the extradition request,” a CBI officer told The Times of India newspaper.

Modi’s Indian passport has been revoked, which means the UK authorities need to confiscate the travel documents he currently uses, the officer added. 

According to the British police, it could still take some time to issue an arrest warrant against Modi in the UK as there should be enough evidence to arrest the diamond merchant.

Even if there are grounds to detain him, Modi could fight extradition through the courts. 

Meanwhile, British home secretary Sajid Javid has now agreed to India’s plea for his extradition and the case will now be passed to a judge at Westminster magistrates court to consider the application. 

British daily The Telegraph tracked Modi down last week in London.   

More For You

Trump moves to bar large investors from buying single-family homes to curb prices

House prices soared to record levels in the US during the pandemic before slipping back

iStock

Trump moves to bar large investors from buying single-family homes to curb prices

Highlights

  • Trump announces immediate steps to ban large institutional investors from purchasing single-family homes.
  • President to call on Congress to codify measure and unveil housing proposals at Davos World Economic Forum.
  • Median US home sale price stands at $410,800 as affordability concerns persist despite election promises.

Donald Trump has announced his administration will move to ban large institutional investors from buying single-family homes in a bid to reduce house prices.

In a post on Truth Social, his social media platform, the US president said he would ask Congress to codify the measure and discuss additional housing and affordability proposals at the Davos World Economic Forum in Switzerland.

Keep ReadingShow less