How India stands in catching economic offenders despite Nirav Modi win
Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. While this may be construed as a huge win for Indian government, an RTI reply published by IANS news agency last year shows India's record in catching economic fugitive offenders in last 6 years has been patchy at best. In a candid admission, the Centre has stated that of the 72 absconding economic of...
Source: business-standard.com