A district court in the United Kingdom on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against fugitive diamond merchant Nirav Modi is broadly admissible, PTI reported.

Modi facing an extradition trial in London for allegedly duping Punjab National Bank of more than Rs 13,000 crore. He followed the court proceedings virtully from Wandsworth Prison in south-west London.

District Judge Samuel Goozee heard the arguments on the admissibility of certain witness statements provided by the Central Bureau of Investigation and Enforcement Directorate at the Westminster Magistrates’ Court. Goozee concluded that he considered himself “bound” by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. “There is no reason why points made by witnesses cannot be used as informed commentary,” the judge added.

Mallya, who is also fighting his extradition to India, faces fraud and money laundering charges in a bank loan default case of over Rs 9,000 crore resulting from the collapse of his defunct company Kingfisher Airlines. On November 2, India’s Supreme Court asked the Centre to file a status report within six weeks on the confidential legal proceedings pending in the United Kingdom on his extradition.

Goozee then adjourned...

Read more

from Scroll.in https://ift.tt/3oQxamx

from ALL Jobs News https://ift.tt/34V0PD9
via Google Free Online work