- Neerav rejects Modi’s plea
- India in a bid to bring back the billionaire
- Confiscated assets
On April 15 this year, UK Home Secretary Preity Patel ordered Neerav Modi’s deportation to India. It was after this that Neerav Modi started a legal battle against him. Neerav Modi fled India after embezzling 14 billion rupees from the National Bank of Punjab. The UK High Court ruling comes as the government continues to try to extradite Neerav Modi and his cousin Mehul Choksi, the main defendant in the fraud case.
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Sources told the news agency that the High Court had rejected Neerav Modi’s statement, but that he still had a chance to approach the court. Neerav Modi, who escaped from India on January 1, 2018, was arrested on March 19, 2019 in the United Kingdom. He is being held at Wandsworth Prison. Neerav Modi had approached the court on several occasions seeking bail, but the claim was not accepted.
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Meanwhile, assets worth Rs 18,170 million belonging to Neerav Modi, Mehul Choksi and Vijay Mallya were seized in India. Of this, Rs 9,371 crore was given to banks and the central government. The country is estimated to have lost more than Rs 22 billion through three people.
Defendants Arrested for Theft at Union Bank of India