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Last year, Nirav lost his legal battle in the highest UK court against being extradited to India in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case. But his case is now said to be "statute barred", indicating further pending litigation which could be linked to a confidential asylum application.
![[Nirav Modi scam] ICAI can initiate suo motu proceedings against CAs even in absence of written complaint: Delhi High Court - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2022-09%2F4e2909ce-0220-4142-af8a-34f0e62aefeb%2F44.jpg?w=1200&auto=format%2Ccompress&ogImage=true&enlarge=true)
The Court said that a mere news report cannot constitute material to initiate enquiry and it can only be used as an external source to gather knowledge of a fact or incident.
Fugitive businessman Nirav Modi’s plea to fight against his extradition to India has been rejected by the London High Court.
UK govt clears Nirav Modi's extradition to India UK home secretary Priti Patel gave the nod for Nirav Modi's extradition in connection with the PNB fraud case BusinessToday.In | April 16, 2021 | Updated 18:51 IST The United Kingdom government has cleared Nirav Modi's extradition to India. UK home secretary Priti Patel gave the nod for the extradition in connection with the diamond merchant's involvement in the Rs 14,000-crore Punjab National Bank fraud. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are probing the diamantaire for money laundering in the PNB s...
UK govt clears Nirav Modi's extradition to India UK home secretary Priti Patel gave the nod for Nirav Modi's extradition in connection with the PNB fraud case BusinessToday.In | April 16, 2021 | Updated 18:52 IST The United Kingdom government has cleared Nirav Modi's extradition to India. UK home secretary Priti Patel gave the nod for the extradition in connection with the diamond merchant's involvement in the Rs 14,000-crore Punjab National Bank fraud. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are probing the diamantaire for money laundering in the PNB s...