Nirav Modi Threatens to Commit Suicide if He is Extradited to India

Nirav Modi, fugitive businessman has been behind bars at Wandsworth prison since March 19 in connection with Rs 13,500 crore Punjab National Bank (PNB) money laundering case. UK court rejected his fourth bail plea on 6th November.

Crux of the Matter
  • Nirav Modi applied for a fresh bail plea on grounds of ‘depression’ and he also offered to double the security to the court from earlier 2 million pounds to 4 million pounds.
  • He also promised a privately-paid guard service to ensure constant monitoring with electronic tagging.
  • After his fourth bail plea got rejected he threatened to commit suicide if he was extradited to India.
  • Modi’s extradition trial is scheduled between May 11 and 15 2020. Until then he is supposed to be produced via video link before a court every 28 days until the trial begins.
  • His defence team informed court of an extortion attack where two inmates entered his cell and kicked him to the floor and punched him in the face.
  • Court was also extremely critical about the leaked confidential health reports of Nirav Modi.

The Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹11,356.84 crore issued by the Punjab National Bank at its branch in Fort, Mumbai; making Punjab National Bank liable for the amount. The fraud was allegedly organised by jeweller and designer Nirav Modi. Nirav, his wife Ami Modi, brother Nishal Modi and uncle Mehul Choksi. Nirav Modi and his family absconded in early 2018, days before the news of the scam broke in India. Nirav Modi is currently in the United Kingdom and is seeking political asylum in Britain though the Indian government has officially asked for his extradition. Modi is on the Interpol’s wanted list for criminal conspiracy since February 2018. More Info