London: Indian diamond merchant and fugitive Nirav Modi who fled India after allegedly cheating the Punjab National Bank for a sum of ₹11,000 crores is likely to be extradited back to India from the UK.
According to reports, Nirav Modi on Wednesday lost his appeal at the High Court against extradition on grounds of mental health.
The London High Court ruled that his risk of suicide is not such that it would be either unjust or oppressive to extradite him to India in order to face the charges of fraud and money laundering.
Justice Jeremy Stuart-Smith and Justice Robert Jay, who heard the appeal at the Royal Courts of Justice earlier this year, said that the verdict was “sound”.
According to a PTI report, the ruling stated that “we are far from satisfied that Mr Modi’s mental condition and the risk of suicide are such that it would be either unjust or oppressive to extradite him”.
However, fugitive businessman Nirav Modi has the option to approach Britain’s Supreme Court against the ruling within a span of 14 days.
However, this involves a high threshold as appeals to the Supreme Court can only be made if the High Court has certified that the case involves a point of law of general public importance.
(With Agency Inputs)
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