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
According to the ED, the Westminster Court issued the arrest warrant against Nirav Modi on March 13.
Soon a joint team of the ED and the CBI would travel to the UK to apprise the lawyers about the Indian case and evidence against Modi, ED sources said.
Nirav Modi is wanted in the Rs 13,500 crore PNB fraud case, and he has an Interpol Red Corner Notice against him; in a video report, UK's The Telegraph newspaper has claimed that the absconding billionaire has been living in London
The report stated that Nirav Modi against whom a Red Corner Notice has been issued by the Interpol has been living in the city’s West End area and has even started a new diamond business.
Nirav Modi and his uncle Mehul Choksi are under probe by both the Central Bureau of Investigation (CBI) and the ED in the Rs 14,000 crore Punjab National Bank fraud case.
