7 years ago
New Delhi/London:
Fugitive jeweler Nirav Modi, prime accused In the Rs 13,000-crore PNB fraud case, has been denied bail after his arrest in central London's Holborn area today. He will be in custody till March, 29--the next date of hearing. On two different occasions, Nirav Modi was seen by the media in London after the UK put out an arrest warrant for him. Nirav Modi and his uncle Mehul Choksi are the prime accused in the bank scam involving fake guarantees in the name of the state-run lender PNB to secure loans overseas. Both left India in January last year before the CBI started investigating the PNB scam.
Earlier this month, Nirav Modi was seen walking in London by a reporter of British newspaper The Telegraph. In a two-minute clip shared by the newspaper, the billionaire, was seen wearing a much-talked about expensive ostrich hide jacket, repeatedly said "no comments".
Here are the Highlights on Nirav Modi's arrest in London, in the PNB scam case
Ministry of External Affairs statement on Nirav Modi
"We welcome the fact that Nirav Modi has been arrested by the United Kingdom authorities pursuant to the arrest warrant issued by the Westminster Magistrate Court. Government of India continues to actively follow up this matter with the authorities concerned in the UK, with a view to have Nirav Modi extradited to India at the earliest."
Mamata Banerjee credits Telegraph journalist for Nirav Modi's arrest
Credit must go to the London Telegraph journalist who exposed Nirav Modi The government had no clue where Nirav Modi was hiding. And a journalist had to expose where he was holed up
Like strikes at factories in the past, we are seeing new 'strikes' now. This Nirav Modi 'strike' is one of them. More such 'strikes' will happen during the polls
Nirav Modi has been sent to the HMP Wandsworth Prison
Nirav Modi can apply for bail again on March 29, the first day of his extradition hearing in the UK.
Nirav Modi Arrested In UK: Nirav Modi Showed 20,000 Pounds A Month Payslip To UK CourtNirav Modi Arrested: Fraud-accused jeweler Nirav Modi, arrested on Tuesday, told a UK court today that he was working in London for a salary of 20,000 pounds, or Rs 18 lakh, a month."
"I believe you may have means of escape," judge tells Nirav Modi
I am remanding you to custody, given the high value of amount involved in the allegations and the access you may have to means of escape. I have substantial grounds to believe that you may fail to surrender
Breaking: Court denies bail To Nirav Modi, to be in jail till March, 29.
Next hearing in Nirav Modi's case in Westminster Court to be held on March 29, news agency ANI reports.
Priyanka Gandhi Vadra on BJP claiming Nirav Modi's arrest is an achievement
This is not an achievement. Who let him flee in the first place?
Nirav Modi's expensive paintings and fleet of luxury cars
Nirav Modi owns 173 paintings worth nearly Rs. 58 crores. The paintings and vehicles have been seized and will be sold to raise tax dues, the Enforcement Directorate said.
Nirav Modi Arrest: Punjab National Bank Shares Rise After Nirav Modi's Arrest In LondonPunjab National Bank rose as much as 4 per cent before closing 3.37 per cent higher at Rs 93.55 on the BSE."
Nirav Modi to be produced in London's Westminster Court at 11.20 am local time, news agency ANI reports.
Nirav Modi Arrested, Opposition Takes On Centre, Says Just For ElectionsFugitive billionaire jeweller Nirav Modi's arrest in London has not impressed the opposition back home in India. In their first response to the move, opposition leaders said the arrest was mere symbolism ahead of Lok Sabha elections and that the government deserved no credit for the arrest."
Enforcement Directorate statement on Nirav Modi
Nirav Modi is now being produced in court
CBI, ED team to fly to UK
A joint team of CBI and ED will fly to UK to assist the counsel who will be representing the agencies in Nirav Modi's case. The next date of the hearing (start of the extradition proceedings in judicial side) will be announced by the UK Magistrate court today and accordingly the joint team will leave for UK.
The Enforcement Directorate gets permission from Prevention of Money Laundering Court in Mumbai to sell 173 paintings and 11 cars belonging to Nirav Modi. A non-bailable warrant has been against his wife Ami Modi, news agency ANI reports quoting sources.
Union minister Hardeep Singh Puri on the arrest
PNB Fraud Case Involving Nirav Modi: Timeline And How The Events UnfoldedPNB fraud of Rs 11, 400 crore is being investigated by two central agencies - the Central Bureau of Investigation and the Enforcement Directorate."
Omar Abdullah on Nirav Modi's arrest
It's amusing to see the BJP falling over itself to credit the PM with the Nirav Modi arrest while completely ignoring the fact that it was The Telegraph of London and it's correspondent who found Nirav Modi, not the PM and his agencies.
#NiravModi, fugitive businessman, arrested in London https://t.co/pktHwgY8Sz pic.twitter.com/O4X1mHJQlJ
- NDTV (@ndtv) March 20, 2019
Police said Nirav Modi, 48, had been arrested in the Holborn area of central London on Tuesday and was due to appear at London's Westminster Magistrates Court on Wednesday, news agency Reuters reports.
What Nirav Modi had told an anti-corruption court
UK police say fugitive billionaire Nirav Modi was arrested in London on Tuesday, news agency Reuters reports.
UK Sought Papers To Arrest Nirav Modi. India Didn't Respond, Say SourcesWhen fugitive diamond merchant Nirav Modi was spotted on the streets of London last week looking somewhat different and wearing an extravagant ostrich-leather jacket, the government insisted there had been no delay on India's part in efforts to prosecute him and extradite him."
