Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a UK judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case.

The 49-year-old appeared via video link from Wandsworth Prison in south-west London as District Judge Samuel Goozee handed down his judgment at Westminster Magistrates’ Court in London.

Both Nirav Modi and his uncle Mehul Choksi had left India in the first week of January 2018, a few weeks before the scam was revealed. Nirav Modi faces criminal proceedings in a CBI case related to the alleged PNB-LoU fraud, and an ED case on the laundering of the proceeds of the alleged fraud at PNB.

With inputs from PTI

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