United Kingdom working on Mallya case through appropriate legal channels

  • United Kingdom working on Mallya case through appropriate legal channels

United Kingdom working on Mallya case through appropriate legal channels

The Financial Times newspaper cited officials in India and Britain as saying that Modi had sought asylum in Britain for what he called "political persecution". However, New Delhi has delayed the signing of the final agreement, apparently due to the concerns raised by certain quarters in the government, another official said. Unequal standards: India and UK signed a mutual extradition treaty way back in 1993; but while India did extradite a UK national, Maninderpal Singh Kohli, in the Hannah Foster murder case in 2008, UK has been stonewalling all of India's extradition requests, including of British national Raymond Varley, who's accused of child abuse in Goa.

Stars such as Kate Winslet, Rosie Huntington-Whiteley and Naomi Watts, have been seen wearing his products.

In wake of the infamous Rs 13,000 crore PNB scam, the Central bureau of Investigation on Monday asked Interpol to issue red corner notices against businessmen Nirav Modi and his uncle Mehul Choksi.

Indian investigators are probing allegations that Modi and his uncle and business partner Mehul Choksi, also a diamond merchant, defrauded PNB of 2.8 billion rupees ($43.8 million).

A spokesman for Britain's Home Office said it does not comment on individual cases.

KUALA LUMPUR • A former Malaysian central bank official who was part of a team investigating beleaguered state fund 1Malaysia Development Berhad (1MDB) is tipped to be picked as the next governor of the bank, people familiar with the matter said. Authorities say he diverted large sums of the loan money illegally to invest in foreign-based companies.

The Enforcement Directorate, India's financial fraud-investigating agency, had unsuccessfully approached Interpol in March for an worldwide arrest warrant.

Modi's reported attempt to seek asylum in Britain comes as India's government seeks the extradition from there of liquor tycoon Vijay Mallya.

The PNB came to light as the Indian government tries to reduce crippling debts accumulated by state-run banks.

It recently announced a $32-billion recapitalisation plan to help them clean up their books ahead of the general election in 2019.

"The issue is progressing through appropriate legal channels". The case has soured British-Indian relations. British Minister for Countering Extremism Baroness Williams said that the United Kingdom is using appropriate legal channels to ensure Mallya's extradition.