News18 Daybreak | PNB Scam Accused Nirav Modi Arrested in London and Other Stories You Need to Watch Out For
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What to Watch Out For
PNB scam accused Nirav Modi arrested in London; court refuses bail
Nirav Modi, the main accused in the Rs 13000-crore Punjab National Bank scam, has been arrested in London. The fugitive diamantaire was remanded to custody till March 29 by the Westminster Magistrate’s court on “substantial grounds” that he might fail to surrender if granted bail.
The arrest comes only a week since UK authorities issued a warrant after Modi was tracked down to a three-bedroom flat in the Centre Point tower block of luxury apartments in the West End of London.
Recent Developments: Hours after being picked up by the Police from the metro station in Holborn, Central London, the businessman was produced before the Metropolitan Magistrate court.
Modi, donned in a plain white shirt and trousers, contested the extradition order against him and is said to have even offered the court half-a-million pounds in bail bonds.
But his request was turned down by Judge Maries Mallon who said,” given the high value of amount involved in the allegations, and the access you may have to means of escape.... I have substantial grounds to believe that you may fail to surrender.”
Modi's legal team was headed by Barrister George Hepburne-Scott and his solicitor, Anand Doobay, is the same legal expert hired by former Kingfisher Airlines boss Vijay Mallya in his extradition proceedings against India in the UK courts.
He said she said: While the BJP leaders immediately hailed Nirav Modi’s arrest as a success of the Modi led government’s “political authorities”, opposition party leaders termed it as mere symbolism ahead of the elections.
BJP leader and Law Minister Ravi Shankar Prasad said,” The arrest of Nirav Modi is an indication of effective work done by investigative agencies, the CBI and the ED, and the political authority with which the Narendra Modi government has sought to nail him.”
The Congress General Secretary of UP East Priyanka Gandhi, however, hit out at the BJP saying, “Ye achievement hai? Jaane kisne diya tha? [Is this an achievement? Who let him go?]”
The party’s senior leader Ghulam Nabi Azad questioned the timing of the arrest, “They are bringing him back for the elections, they will send him back after elections.”
Even the West Bengal CM and Trinamool Congress chief Mamata Banerjee chimed in saying, “This is a ploy of the BJP. The credit must go to the London Telegraph journalist who exposed Nirav Modi. It is a got-up match. No credit goes to the BJP government.”
What next: ED sources have said that they expect a "faster" process of extradition in Modi's case, as compared to liquor baron Vijay Mallya, who was extradited last month, as this is an instance of "clear defraud" of bank loan money. They said the ED and the CBI have already sent in "good amount of evidence-based documents" for the courts in UK to peruse.
What You May Have Missed
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CRPF constable shoots dead 3 jawans after altercation in J&K camp, turns rifle on himself
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News18 Election Tracker: Mayawati opts out of election race, Shatrugha Sinha’s changing allegiance and Bengal’s Congress-CPI(M) make amends
Mayawati opts out of 2019 poll battle, says contesting is not necessary to become PM
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Shatrughan Sinha may contest polls on Congress ticket, preps for BJP exit with swipe at Modi
BJP’s rebel leader Shatrughan Sinha is likely to take on union minister Ravi Shankar Prasad from the Patna Sahib parliamentary seat in the Lok Sabha election on a Congress ticket. The move doesn’t come as a surprise as Sinha has frequently taken swipes at the BJP and Prime Minister Narendra Modi and even shared the dais with the opposition party leaders at Mamata Banerjee’s January 19 United India rally. A senior Congress leader from Bihar confirmed that Sinha’s “resignation from the BJP and induction into the Congress will take place in a few days.”
Bengal Congress responds to Left’s 24-Hour deadline, leaves 5 Lok Sabha seats vacant
The West Bengal Pradesh Congress Committee on Wednesday said it would leave for the Left Front five Lok Sabha seats where the latter had a stronger base as the main aim was to defeat the ruling Trinamool Congress and a rising Bharatiya Janata Party (BJP) in the state. Extending an olive branch to the Congress, the Left Front had on Tuesday said the two parties should come together to keep the Trinamool and BJP at bay and reconsider a seat-sharing pact. Front chairman Biman Bose had even given a 24-hour deadline to the Congress to respond to its request while announcing the second list of 13 candidates and leaving aside four seats for the grand old party.
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