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

Chidambaram Summoned by ED for Questioning

Former Union Minister P Chidambaram has been summoned by the Enforcement Directorate in a money-laundering probe in an alleged aviation scandal during UPA government. Chidambaram is also currently embroiled in 2 other corruption cases.

Crux of the Matter
  • ED is investigating losses suffered by Air India because of an alleged aviation scam.
  • Ex-aviation minister Praful Patel was questioned about permissions granted to foreign airlines and purchase of 111 aircrafts in his tenure.
  • A lobbyist Deepak Talwar has been arrested in connection with this case earlier this year.
  • Chidambaram is also currently being investigated for alleged scams in INX Media case and Aircel Maxis case.

UPA Government scams – During the tenure of the United Progressive Alliance from 2004 to 2014, the government was inundated with multiple corruption charges and scams. Some of the major scams were:

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Curated Coverage
  • The Hindu – ED summons Chidambaram in aviation scam PMLA case
  • The Financial Express – Fresh trouble for P Chidambaram, ED summons ex-Union minister in aviation scam
  • The Indian Express – Air India scam: ED summons Chidambaram for interrogation