Published: Fri, March 22, 2019
Global News | By Blake Casey

London’s Metro Bank clerk does what PNB brass didn’t

London’s Metro Bank clerk does what PNB brass didn’t

A bank clerk alerted the cops after Nirav Modi walked into the branch thinking that he was a fugitive wanted by the police in UK.

Nirav Modi had offered half a million pound for bail but the judge refused to entertain his plea since he found him "too risky". He was there to open a new bank account.

Last year, the global police organisation Interpol issued a "red notice" seeking Modi's arrest worldwide.

Javid had certified India's extradition request for Nirav Modi earlier this month, triggering the legal process in the courts, kick-started with the issuance of a warrant.

He appeared at London's Westminster Magistrates Court on Wednesday, accused by India of two charges of conspiracy to fraud and conspiracy to hide criminal property.

Sources said that according to laid down procedures, Modi will likely be released on bail in due course and the court will then issue notice to the prosecution which will contact Indian authorities to produce necessary evidence and chargesheets, which will signal the beginning of the extradition hearing.

Barrister George Hepburne Scott, also part of the team, said: "His son was here and had been here for five years at school".

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Indian authorities have sought Modi's arrest since February 2018, when they alleged companies he controlled defrauded the state-owned Punjab National Bank by using fake financial documents to get loans to buy and import jewels. Mallya has taken his appeal to the high court following a hearing at the Westminster Magistrates' Court.

He left India past year, shortly before he was accused of taking part in the country's biggest banking fraud.

Modi denies the allegations and has sought political asylum in the UK. Both are accused in the Rs 13,500 crore PNB scam.

In the prison in south London, Modi's inmates will include the likes of alleged Dawood henchman Pakistani-origin Jabir Moti, now undergoing extradition proceedings to the US.

Modi left the country before India's biggest banking fraud came to light early past year.

In another development, the court issued a non-bailable warrant against Ami Modi, wife of Nirav Modi.

Raveesh Kumar, a spokesman for India's foreign ministry, said he welcomed the news of Modi's arrest.

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