Nirav Modi may extradite to India earlier than Vijay Mallya: Report
New Delhi : Investigative agencies are hoping that Nirav Modi will be extradited to India in a paced manner as they have provided the London authorities with all required documents. Sources told NDTV that their ongoing efforts to extradite another fugitive business magnate - Vijay Mallya - helped familiarise them with the European country's extradition procedure.
"It was because of the evidence shared by the CBI and ED with the UK that the court got to know the full extent of the crime, and denied bail to Nirav Modi," a source told NDTV.
Nirav Modi is accused of duping the Punjab National Bank of over Rs 13,000 crores. He was arrested in London, where a court sent him to police custody till March 29.
The investigating agencies are now stitching evidence against the other accused in the case, including Nirav Modi's brother Nishal and his sister Purvi, who are also believed to be holed up in London.
Nirav Modi's arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case. He and Mehul Choksi had both left India before the fraud came to light in January 2018.