Priti Patel approves the extradition of billionaire diamond tycoon Nirav Modi to India for £ 1.3 billion fraud charges
- The diamond tycoon Nirav Modi will be delivered to India after approval by the home office
- Modi, 50, was arrested in March 2019 and held in Wandsworth Prison
- The Punjab National Bank claims he and his uncle committed fraud
The extradition of a billionaire diamond tycoon from Britain to India on an alleged £ 1.3 billion fraud has been approved by Home Secretary Priti Patel.
Fifty-year-old Nirav Modi, whose jewels have adorned Hollywood stars such as Dakota Johnson and Kate Winslet, fled India before details of his alleged involvement in the country’s largest bank fraud in 2018 were released.
The Punjab National Bank claims that two jewelry groups, led by Modi and his uncle Mehul Choksi, committed fraud by taking out loans from other Indian banks with illegal guarantees.
Both men have denied wrongdoing.
49-year-old Nirav Modi (pictured), whose jewels were worn by Kate Winslet on the Oscars red carpet, has been in Wandsworth Prison in southwest London since his arrest in March 2019
New Delhi has been working to extradite Modi back into the country since 2018 on charges of the $ 2.2 million fraud that damaged confidence in the state banking sector.
Modi, whose fortune was once calculated by Forbes magazine at £ 1.5 billion, was arrested in the UK in March 2019 and detained at Wandsworth Prison in south-west London.
He now has 14 days to appeal the District Court and Home Office decisions to a higher court in the UK.
Zulfiquar Memon, of Indian law firm MZM Legal, which is representing Modi on his case, said the team was about to challenge the order.
He added that this “can happen anytime, soon”.
An interior ministry spokesman issued a statement on Friday confirming that the extradition warrant was signed on April 15.
The verdict at Westminster Magistrates Court was signed by Home Secretary Priti Patel (pictured)
The Indian Foreign Ministry has not yet commented on the order.
Another fugitive Indian business tycoon, Vijay Mallya, was extradited by the Home Office in 2019 but has since appealed and continues to fight his case in London.