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MUMBAI: Observing that speedy trial is the right of accused and they cannot keep languishing in jail without trial, a special court on Thursday allowed the CBI’s plea seeking to separate the trial against fugitive businessman Nirav Modi and his brother Neeshal Modi in the Punjab National Bank(PNB) scam case and proceed against the remaining accused. The judge said that though the extradition proceedings against Nirav Modi are going on in UK, nobody knows how much time it will take and its result.
Last month in a plea submitted by special public prosecutor A Limosin, the CBI also told the court that two accused, PNB deputy manager Gokulnath Shetty and authorised signatory of Nirav Modi’s firms, Hemant Bhatt have been in custody for over five years. The plea said that Nirav Modi was apprehended in UK on the basis of the non bailable warrant issued by the court. “His extradition proceedings are underway. Neeshal Modi is a citizen of Belgium. There is no immediate prospect for bringing him to India in order to face the trial,” the plea said.
A was registered by CBI BSB on the complaint of PNB for the wrongful loss of approximately Rs 280 crore caused to them. “After completion of investigations a charge sheet was filed before the court on May 14, 2018, against 25 persons. The…court has taken cognizance of offences against the accused in the matter,” the CBI’s plea said. It further said that Nirav Modi and Neeshal Modi are cited as accused. “Nirav Modi and Neeshal Modi were not available during
investigation. Hence, this… court had issued NBW against them on May 23, 2018. However, these accused were not available in India and hence warrants could not be executed,” the plea said.
Nirav Modi is also booked in a related money laundering case. Nirav Modi was declared an FEO in December 2019. In the first order of confiscation under the Fugitive Economic Offenders (FEO) Act, 2018, a special court had directed in June 2020 that Nirav Modi’s properties be attached by the ED.
Last month in a plea submitted by special public prosecutor A Limosin, the CBI also told the court that two accused, PNB deputy manager Gokulnath Shetty and authorised signatory of Nirav Modi’s firms, Hemant Bhatt have been in custody for over five years. The plea said that Nirav Modi was apprehended in UK on the basis of the non bailable warrant issued by the court. “His extradition proceedings are underway. Neeshal Modi is a citizen of Belgium. There is no immediate prospect for bringing him to India in order to face the trial,” the plea said.
A was registered by CBI BSB on the complaint of PNB for the wrongful loss of approximately Rs 280 crore caused to them. “After completion of investigations a charge sheet was filed before the court on May 14, 2018, against 25 persons. The…court has taken cognizance of offences against the accused in the matter,” the CBI’s plea said. It further said that Nirav Modi and Neeshal Modi are cited as accused. “Nirav Modi and Neeshal Modi were not available during
investigation. Hence, this… court had issued NBW against them on May 23, 2018. However, these accused were not available in India and hence warrants could not be executed,” the plea said.
Nirav Modi is also booked in a related money laundering case. Nirav Modi was declared an FEO in December 2019. In the first order of confiscation under the Fugitive Economic Offenders (FEO) Act, 2018, a special court had directed in June 2020 that Nirav Modi’s properties be attached by the ED.
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