Charges, evidence against Nirav Modi, Mehul Choksi India handed to Britain

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First Published 9, Mar 2019, 4:23 PM IST
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Charges, evidence against Nirav Modi, Mehul Choksi India handed to Britain
Highlights

From frauds with banks like cheating to acquire letters of understanding to absconding with people’s money; from not giving two hoots to summons to absconding despite NBW — the list of charges and pieces of evidence against Nirav Modi and his uncle Mehul Choksi, which the Indian government has handed to the United Kingdom government, is long

New Delhi: Indian agencies have handed a detailed report on all developments related to Nirav Modi and Mehul Choksi, with evidence, to the United Kingdom (UK) government. 

The details range from frauds committed by the duo in 2011 up to the recent letter rogatory (LR), which is a formal request from a court to a foreign court for judicial assistance. The LR was had been sent to 14 countries.

India has given details of the searches conducted by investigators in the case registered by the CBI and ED.

"Nirav Modi owned firms namely M/s Diamond R US, M/s. Solar Exports and M/s Stellar Diamond, Surat have got fraudulently issued Letters of Undertaking aggregating to USD 1015.35 during the period from Feb 2011 to May 2017 from Punjab National Bank (PNB), Mumbai. On the basis of FIR registered by CBI, Enforcement Directorate initiated an investigation under the provisions of PMLA, 2002 on 14.02.2018 against Nirav Modi & Ors. Immediate searches were conducted on 15.02.2018 at more than 75 searches related to this case all over India," a document accessed by MyNation says.

"Nirav Modi was summoned thrice to appear personally before the investigating authorities. On the request of ED, his passport was revoked by the Ministry of External Affairs. Total Attachment of INR 1873.08 Crore & Total Seizure of Rs. 489.75 Crore vide 20 seizure orders in Nirav Modi case including various overseas assets and Bank accounts,” the government communication said.

“The attachment includes an overseas attachment of Rs. 961.49 Crore in Hong Kong, Switzerland, USA, Singapore & UAE," the communiqué added.

The government has given details also of his non-bailable warrant (NBW) issued in 2018 against Nirav Modi, along with the case details. 

"A Prosecution Complaint under PMLA was filed on 24.05.2018. Cognizance of the same has been taken by the Court and Open Ended NBW was issued on 27.07.2018,” the document says.

It continues, “An application under Fugitive Economic Offenders Act, 2018 has been filed on 10.07.2018 against Nirav Modi for declaring him a fugitive offender and for the confiscation of his properties worth INR 1404.7 Crore. The proceedings are pending before the PMLA Special Court.”

“Supplementary Prosecution Complaint has been filed on 28.02.2019. Money trail of USD 927 million out of PoC of USD 1015 million has been ascertained," the document adds.

According to the government, 18 LRs have been sent to Armenia, Belgium, China, France, Japan, Malaysia, Russia, South Africa, U.A.E., U.K., USA, Hong Kong, Singapore, Switzerland.

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