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Nirav Modi declared fugitive by Mumbai court

Dec 05, 2019 13:17 IST

Billionaire diamond merchant Nirav Modi has been declared a fugitive economic offender by a Mumbai court. Modi is the second person, after Vijay Mallya, to be charged under the anti-fraud law that was passed last year. Nirav Modi, who is accused of defrauding Punjab National Bank of ₹11000 crores, is currently in a London prison, fighting extradition to India.

National