Nirav Modi phrases PNB rip-off ‘civil transaction’ that’s being exaggerated; cites safety causes for not returning to India
Modi, on Saturday, filed a response earlier than the PMLA court docket opposing the Enforcement Directorate’s criticism to have him declared a “fugitive financial offender” below the Fugitive Financial Offenders Act.
Within the response, the absconding diamantaire additionally said that he’s unable to fly again to India citing safety causes.
Modi and his uncle Mehul Choksi, who’re each wished in India for mortgage default, fled the nation within the first week of January final yr after their firms had been discovered dishonest the state-run PNB of Rs 13,000 crore.
The duo has not returned to India since then regardless of repeated summons from probe companies and courts. Modi is alleged to be in London whereas Choksi is residing within the Caribbean nation of Antigua and Barbuda. The federal government has additionally despatched formal requests to each searching for their extradition.
Firstpost is now on WhatsApp. For the most recent evaluation, commentary and information updates, join our WhatsApp companies. Simply go to Firstpost.com/Whatsapp and hit the Subscribe button.