Business/Economy

Nirav Modi traced to Hong Kong, MEA still awaiting response on request for extradition

Nirav Modi traced to Hong Kong, MEA still awaiting response on request for extradition

The MEA on Thursday said that it is still awaiting a response from authorities in Hong Kong where the location of Nirav Modi, who left India before his Rs 12,700 crore fraud of Punjab National Bank (PNB) was trapped. A provisional arrest is filed before a formal extradition request.

Raveesh Kumar, the official spokesperson for the Ministry of External Affairs, has said that a formal request for Modi’s arrest and extradition has already been made and a reply from Hong Kong is now awaited. In a press conference, he said,  “We are aware of the written reply submitted to Parliament which shared that Nirav Modi is in Hong Kong. We have requested Hongkong authorities to surrender Nirav Modi. We are still awaiting a response,” adding that there is an agreement between India and Hong Kong for the surrender of fugitive offenders. He also said that Hong Kong authorities haven’t provided any information about Modi.

V K Singh, the Minister of State in the Ministry of External Affairs, said in the Rajya Sabha, "The Ministry has sought the provisional arrest of Nirav Deepak Modi by the Government of the Hong Kong Special Administrative Region, the People's Republic of China, for which a request has been submitted to them on March 23, 2018."