He was once instructed the following listening to within the case might be a case control listening to forward of an ordeal set for 5 days from September 7
London: Fugitive diamond service provider Nirav Modi, preventing extradition to India, was once on Thursday additional remanded in custody till August 27 after he gave the impression by way of videolink at a standard remand listening to earlier than a UK courtroom on fees over the just about USD 2 billion Punjab Nationwide Financial institution (PNB) fraud and cash laundering case.
The 49-year-old jeweller, who has been lodged at Wandsworth Jail in south-west London since his arrest in March ultimate 12 months, gave the impression by way of videolink earlier than District Pass judgement on Vanessa Baraitser at Westminster Magistrates’ Courtroom in London for a standard 28-day call-over listening to.
He was once instructed the following listening to within the case might be a case control listening to forward of an ordeal set for 5 days from September 7.
“You’ll seem by way of videolink once more. Your attorneys could also be found in courtroom, mentioned Pass judgement on Baraitser, in connection with the phase far flung environment in operation throughout UK courts because the coronavirus lockdown
In Would possibly, District Pass judgement on Samuel Goozee presided over the primary a part of Modi’s extradition trial, held in a partial far flung settings, with the second one phase scheduled between September 7 and 11.
But even so, finishing the arguments on setting up a prima facie case in opposition to Modi, the trial subsequent month will maintain a 2nd extradition request, made by way of the Indian government and licensed by way of UK House Secretary Priti Patel previous this 12 months. The second one request brings two further fees in opposition to Modi of “inflicting the disappearance of proof” and intimidating witnesses or felony intimidation to motive dying.
Pass judgement on Goozee has already indicated that the 2 requests are inextricably related and due to this fact he could be handing down an general judgment on the conclusion of the second one trial in September.
“I am hoping Mr Modi by the point we get to September, the present restrictions on motion from prisons had been eased and you’ll be in courtroom in individual to apply the complaints,” the pass judgement on had instructed Modi, on the finish of a four-day partial listening to of the case on Would possibly 14.
Modi have been following the courtroom complaints from a room at Wandsworth Jail and may well be observed taking notes all through the process the trial.
The costs in opposition to the diamond service provider centre round his companies Diamonds R Us, Sun Exports and Stellar Diamonds making fraudulent use of a credit score facility introduced by way of the Punjab Nationwide Financial institution (PNB), referred to as letters of endeavor (LoUs).
Modi’s group has sought to counter allegations of fraud by way of deposing witnesses to ascertain the volatility of the gem stones business and that the LoUs have been usual follow.
The Crown Prosecution Carrier (CPS), arguing on behalf of the Indian executive, sought to ascertain that quite a few PNB group of workers conspired with Modi to make sure LoUs have been issued to his corporations with out making sure they have been matter to the specified credit score take a look at, with out recording the issuance of the LoUs and with out charging the specified fee upon the transactions. This ended in a fraud amounting to almost USD 2 billion.