DAYS after Nirav Modi’s arrest in the UK, India yesterday (22) said that it was working towards his expeditious extradition.
Indian jeweller Modi, 48, is wanted in India for legal proceedings as he is one of the main accused in the £1.51 billion ($2bn) Punjab National Bank (PNB) fraud case.
India’s external affairs ministry spokesperson Raveesh Kumar noted that there was no delay in his arrest and that action was taken on completion of certain processes.
At media briefing Raveesh added: “There was no delay which can be attributed to our side. There were certain processes which had to be completed, and that is how he was arrested.”
Nirav Modi and his close relative Mehul Choksi are the main accused in the PNB scam. The duo moved out of India before the the fraud case came to light in January last year.
A court in London on Wednesday (20) rejected a bail plea of Modi and remanded him in custody until March 29, the next date of the hearing.
The jeweller was arrested by the Scotland Yard on Tuesday (19) and was produced before a District Judge at Westminster Magistrates’ Court in London to be formally charged.
The British officers arrested the business tycoon on behalf of the Indian authorities.