The UK Westminster court, which heard the extradition plea earlier was satisfied with Indiaâ€™s arguments and sent the same issue to the Home Secretary. The Home Secretary has pushed Nirav Modi a step further towards extradition by signing the petition.
However, the process might take some more time, as Nirav Modi can counter the extradition process within 28 days, as per the legal provision.
The fugitive jeweller is facing allegations of a money-laundering scam in a bank scam worth around Rs 14,000 crore. The Punjab National Bank (PNB) has lent the loan amount and the jeweller has failed to pay back the amount.
Nirav Modi, who escaped to London from India was arrested back in 2019 after an extradition warrant was slapped against him. Since then, he has been trying to get bail, but in vain.
Hearing the extradition petition, the UK Westminster court has refused to entertain the arguments he made. He said his mental condition was affected during the pandemic and the condition of prisons in India is poor.
Back in India, the CBI and Enforcement Directorate (ED) are probing the case against him separately. While the CBI is probing into the matter of fraud letters, he produced to get the loans, ED is looking into the matter of fraud in laundering proceeds.