Consortium of banks realizes Rs 7,975.27 cr by sale of assets
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
The govt further said that the total proceeds of crime in the PMLA cases pending before the top court amounts to Rs 67,000 Crores.
Nirav Modi has been granted permission to appeal his extradition to India on two grounds. The is reviewing the next steps with the Government of India, a spokesperson said.
The judge noted that the arguments made under both grounds overlap in this case as they both rely principally on the appellant, Nirav Modi's mental ill-health.
The ED has attached several assets of Nirav Modi running into crores of rupees in connection with the case
Following tip-offs by intelligence agencies, the ED launched an effort to persuade Hong Kong to import the jewellery to India so it could be officially seized in the Punjab National Bank (PNB) loan scam case.
Addressing the media through a videoconference, Minister said that a Congress leader, who is a former judge, has been tasked to defend Nirav Modi in court.
An extradition request from the Indian government was certified by the UK Home Office in February last year before his arrest by Scotland Yard on March 19, 2019.
Given the social distancing measures being followed by prisons and courts, District Judge Samuel Goozee had conceded that Modi can follow the proceedings via videolink rather than the norm of being produced in person.
The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest last year, appeared before the court via video conferencing due to the social distancing procedures put in place across the UK courts in view of the COVID-19 pandemic.
