The UK is a favourite destination for fugitives

[Vikrant]

Fugitives and UK, a match made in heaven.

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Billionaire fraudsters, besides those accused of economic offences, terrorism, and other crimes in India, seem to prefer the United Kingdom as a destination to seek refuge.

On June 10, the Financial Times newspaper reported that diamantaire Nirav Modi, accused of perpetrating a $2 billion fraud, the biggest in Indian banking history, has applied for political asylum in that country. Modi, on the run even before the fraud was first reported in January, now alleges political persecution in India where a non-bailable warrant has been issued against him and his uncle Mehul Choksi, a partner in his alleged crime.

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The UK is a favourite destination for India’s fugitives

 

[frigidweirdo]

Fugitives and UK, a match made in heaven.

---

Billionaire fraudsters, besides those accused of economic offences, terrorism, and other crimes in India, seem to prefer the United Kingdom as a destination to seek refuge.

On June 10, the Financial Times newspaper reported that diamantaire Nirav Modi, accused of perpetrating a $2 billion fraud, the biggest in Indian banking history, has applied for political asylum in that country. Modi, on the run even before the fraud was first reported in January, now alleges political persecution in India where a non-bailable warrant has been issued against him and his uncle Mehul Choksi, a partner in his alleged crime.

...

The UK is a favourite destination for India’s fugitives

Yes, the UK, a bit like the US, is willing to ignore people's crimes as long as they have enough money.

 

[Tommy Tainant]

Fugitives and UK, a match made in heaven.

---

Billionaire fraudsters, besides those accused of economic offences, terrorism, and other crimes in India, seem to prefer the United Kingdom as a destination to seek refuge.

On June 10, the Financial Times newspaper reported that diamantaire Nirav Modi, accused of perpetrating a $2 billion fraud, the biggest in Indian banking history, has applied for political asylum in that country. Modi, on the run even before the fraud was first reported in January, now alleges political persecution in India where a non-bailable warrant has been issued against him and his uncle Mehul Choksi, a partner in his alleged crime.

...

The UK is a favourite destination for India’s fugitives

Yes, the UK, a bit like the US, is willing to ignore people's crimes as long as they have enough money.

Crims undepin the London property market. They are integral to the UK economy.

 

[Vikrant]

Fugitives and UK, a match made in heaven.

---

Billionaire fraudsters, besides those accused of economic offences, terrorism, and other crimes in India, seem to prefer the United Kingdom as a destination to seek refuge.

On June 10, the Financial Times newspaper reported that diamantaire Nirav Modi, accused of perpetrating a $2 billion fraud, the biggest in Indian banking history, has applied for political asylum in that country. Modi, on the run even before the fraud was first reported in January, now alleges political persecution in India where a non-bailable warrant has been issued against him and his uncle Mehul Choksi, a partner in his alleged crime.

...

The UK is a favourite destination for India’s fugitives

Yes, the UK, a bit like the US, is willing to ignore people's crimes as long as they have enough money.

Crims undepin the London property market. They are integral to the UK economy.

I bet. They bring into UK a lot of stolen money. However, it is becoming an issue of tension between India and UK.

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NEW DELHI: The United Kingdom should not be viewed as a safe haven for wanted criminals of other countries, India said on Monday, even as Britain confirmed fugitive Indian diamantaire Nirav Modi's presence on its soil.

India's clear message was conveyed to UK minister of state for countering extremism Baroness Williams by Union minister of state (MoS) for home Kiren Rijiju at a meeting here.

Raising the issue of fugitives such as Nirav Modi and liquor baron Vijay Mallya, + who were wanted by New Delhi for frauds and financial misappropriations, Rijiju said Britain should not be viewed as a safe haven for men wanted by the law of the other country for various offences, a statement issued by the home ministry said.

The MoS conveyed to Williams that while India respects the courts and will pursue legal procedures in Britain to bring back wanted men, New Delhi expects the cooperation of the UK government.

Allaying concerns over prison conditions in India, Rijiju said there are absolute safeguards against human rights violations in Indian prisons, the statement said.

Top officials said the UK delegation has confirmed that Nirav Modi, who is at the centre of a money laundering case linked to the over Rs 13,000 crore Punjab National Bank (PNB) fraud, is currently in that country.

" UK authorities have confirmed Nirav Modi's presence in Britain + ," an official privy to the meeting said.

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India to UK: Britain should not be viewed as safe haven for wanted criminals - Times of India

 

[Vikrant]

Fugitives and UK, a match made in heaven.

---

Billionaire fraudsters, besides those accused of economic offences, terrorism, and other crimes in India, seem to prefer the United Kingdom as a destination to seek refuge.

On June 10, the Financial Times newspaper reported that diamantaire Nirav Modi, accused of perpetrating a $2 billion fraud, the biggest in Indian banking history, has applied for political asylum in that country. Modi, on the run even before the fraud was first reported in January, now alleges political persecution in India where a non-bailable warrant has been issued against him and his uncle Mehul Choksi, a partner in his alleged crime.

...

The UK is a favourite destination for India’s fugitives

Yes, the UK, a bit like the US, is willing to ignore people's crimes as long as they have enough money.

I think UK is unique in money laundering business.

 

[Tommy Tainant]

Is there no extradition agreement ? I would have thought there would have to be given the ties between the countries.

 

[Vikrant]

Is there no extradition agreement ? I would have thought there would have to be given the ties between the countries.

I think there is an extradition treaty between India and UK. However, UK does not want to part with these fugitives who bring in large amount of cash.

 

[Vikrant]

In what further tightens the noose around loan defaulters who have taken refuge in the United Kingdom in order to escape prosecution in India, the UK on Tuesday shared certain details of movements of fugitives including the wanted diamantaire Nirav Modi with the Central Bureau of Investigation (CBI), ANI quoted CBI sources as saying.

The development comes two days after UK Minister for Counter Terrorism Baroness Williams confirmed reports on the presence of Modi in the country, further assuring India of full cooperation for the extradition of the latter.

Following the confirmation by the UK, the CBI on Monday approached the Interpol seeking Red Corner Notices (RCN) against Nirav Modi and his associate Mehul Choksi in connection with the Rs 12,636-crore PNB fraud case.

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UK Shares Movement Details of Fugitives Including Nirav Modi With CBI

 

[Vikrant]

NEW DELHI: In more trouble for liquor baron Vijay Mallya, the Enforcement Directorate (ED) is set to soon file a fresh chargesheet against him and his companies on charges of money laundering and allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore, officials said on Sunday.

With this chargesheet (also known as the prosecution complaint), official sources told PTI, the central probe agency will immediately seek from a court permission to "confiscate" more than Rs 9,000 crore worth assets of the beleaguered businessman and his firms under the recently promulgated Fugitive Economic Offenders Ordinance.

The ED last year had filed its first chargesheet against Mallya, now in London, in the about Rs 900 crore IDBI bank-Kingfisher Airlines (KFA) alleged bank loan fraud case.

It has attached assets worth Rs 9,890 crore in this case till now.

The forthcoming chargesheet will revolve around the complaint received from the State Bank of India (SBI) on behalf of the consortium of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of his loan (by Mallya firms) taken during 2005-10, they said.

The ED has based its investigation in this instance after taking cognisance of a CBI FIR and the chargesheet will be filed before a special court in Mumbai under the Prevention of Money Laundering Act (PMLA).

It was alleged that SBI and its consortium banks had advanced various credit facilities to KFA Limited during the period between 2005 and 2010.

During 2009-10, the company failed to meet its repayment commitments to the bank from whom it had availed credit facilities and the airlines did not keep its account with the consortium banks regular which became NPA (non performing asset), the CBI FIR had stated.

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Mallya faces fresh money laundering chargesheet, fugitive tag - Times of India