ED confident of Nirav’s deportation to India

Faced with continued evasion by Nirav Modi, prime accused in the Rs 12,400 cr­ore PNB scam, enforcement directorate said on Thursday sovereign jurisdiction and regulations of different cou­n­tries were behind delay in bringing him back to India.

Though no time limit co­u­ld be given on Modi’s retu­rn, discussion were on with countries relevant on the pr­o­cess of deportation, sources said. They refused to comm­e­nt on the query about cu­rr­e­nt address of Modi, and ad­d­ed it would not be in the interest of the investigation.

The agency is not pertu­r­b­ed over transaction trails as it is known by now that fake LoUs that Nir­av got iss­u­ed by PNB thro­ugh SWIFT we­re not linked to the bank’s co­re network. They said law would catch up with Modi as evidence collection is on and all transactions trails are th­ere. ED is said Modi’s companies used most PNB funds to buy fixed assets abroad and settle debts there.

Modi’s firm Firestar Diamond has moved the Delhi High Court against a money laundering case lodged by ED in connection the PNB case. It  has sought a direction to the finance ministry and ED to provide it several documents, including a copy of the search warrants.