Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Nirav Modi's Extradition: UK High Court Rejects Plea To Reopen Case
(MENAFN- AsiaNet News)
Nirav Modi’s petition to reopen proceedings against his extradition order by the UK courts was rejected on Wednesday by the High Court of Justice, King’s Bench Division, London, said the Central Bureau of Investigation.
CBI’s Coordinated Efforts Lead to Success
The matter was strongly argued by the Crown Prosecution Service advocate, ably assisted by a dedicated CBI team, including investigating officers who travelled to London for the hearing. The reopening application had been filed on the basis of the Bhandari judgment; however, with sustained and coordinated efforts of the CBI, the challenge was successfully overcome, the probe agency said in a statement.
Court Finds No ‘Exceptional Circumstances’
The High Court, while handing down the judgment, observed that the reopened petition and the circumstances surrounding it are not exceptional so as to make it appropriate to reopen it, said the probe agency in a release.
Background of the Extradition Case
CBI has been seeking the extradition of Nirav Modi in connection with the PNB scam involving significant financial wrongdoing with a public sector bank, with proceedings ongoing since 2018. Following his arrest in the UK in 2019, courts approved his extradition and rejected earlier appeals, finding no legal barriers and accepting assurances regarding his treatment in India. Although a temporary legal obstacle delayed the process, it was lifted in August 2025, the statement issued by CBI.
According to CBI, Nirav Modi had applied to reopen his appeal, citing concerns about potential ill-treatment (basis Bhandari judgment) and questioning whether assurances provided by Indian authorities were sufficient to protect his rights. He has been in a UK prison since March 19, 2019.
PNB Scam Details
Nirav Modi is a fugitive economic offender wanted for trial in India in a CBI bank fraud case involving defrauding Punjab National Bank of Rs 6498.20 crore, CBI said.
CBI added that the Crown Prosecution Service was effectively supported by a dedicated CBI team, which prepared the responses in the proceedings and travelled to London specifically for the hearing. The positive outcome highlights the consistent efforts and strong commitment of the Government of India in achieving this success, the CBI stated. (ANI)
(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)
MENAFN25032026007385015968ID1110908014