UK court declares Vijay Mallya as ‘bankrupt’
The Indian banks were represented by the law firm TLT LLP and barrister Marcia Shekerdemian.
The Indian banks were represented by the law firm TLT LLP and barrister Marcia Shekerdemian.
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.
With this, Nirav Modi becomes only the second accused so far under the Fugitive Economic Offenders Act (FEOA) to have been declared a 'fugitive economic offender' after Vijay Mallya.
The Westminster Magistrates Court ordered the Metropolitan Police to place him in its custody till the next hearing on August 22.
The 47-year-old Assange faces an 18-count indictment issued by the US Justices Department last month.
Nirav Modi has already been denied bail thrice by the Westminster Magistrates' Court, as the judge ruled there was "substantial risk" that he would fail to surrender and deemed the bail security offered as insufficient.
In February, UK's Home Office said the British government had signed an order to extradite Mallya.
The UK court earlier on Friday rejected Nirav Modi’s second bail application, saying there are 'substantial grounds' to believe the fugitive diamantaire will fail to surrender.
Judge Arbuthnot said his attempt to try and seek citizenship of Vanuatu shows he was trying to move away from India at an important time.
Case referred to UK Secretary of State; Mallya can file for a permission to appeal in the UK High Court against the ruling
