The 49-year-old jeweller is wanted in India on charges of defrauding PNB by deceitfully obtaining letters of undertaking (LoUs), or bank guarantees
Current Affairs : Nirav Modi’s legitimate group on Tuesday told a UK court hearing the criminal precious stone trader’s five-day removal preliminary that the instance of misrepresentation and illegal tax avoidance against him isn’t supported up with the fundamental proof that demonstrates his untrustworthiness.
Modi’s lawful group offered the comments a day after Crown Prosecution Service lawyer Helen Malcolm, showing up for the benefit of the Indian specialists, told the court that Modi gained “eye watering measures of cash” deceitfully from the Punjab National Bank (PNB).
The 49-year-old diamond setter is needed in India on charges of swindling PNB by misleadingly acquiring letters of undertaking (LoUs), or bank assurances, and afterward washing the returns of the assets through an intricate arrangement of overall exchanges utilizing sham organizations.
Aditi Mehta 