The 49-year-old fugitive billionaire jeweller, Nirav Modi, accused of estimated USD 2-billion Punjab National Bank (PNB) fraud and money laundering, set behind bars in a London prison since his arrest in March last year, has his second stage of the Trial underway at Westminster Magistrates’ Court.
The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) also observed the UK’s Crown Prosecution Service (CPS) present their arguments for the case before the District Judge Samuel Goozee.
3 November has been scheduled as the date for Additional hearings, regarding admissibility of the evidence. Subsequently, 1 December is scheduled as the date for Final Submission from both the parties.
Whether Nirav Modi has a case to answer for the charges he is accused of before the Courts of India is expected only after the final hearing in December.