Moneycontrol PRO
you are here: HomeNewsIndia

Vijay Mallya, Nirav Modi and Mehul Choksi all coming back to face law: Nirmala Sitharaman

The statement was issued by Sitharaman in the Rajya Sabha while replying to a debate on the insurance amendment bill.

March 18, 2021 / 07:35 PM IST
Finance Minister Nirmala Sitharaman (File image- PTI)

Finance Minister Nirmala Sitharaman (File image- PTI)

Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.

The government is pursuing extradition of Mallya and Modi from the UK while Choksi is believed to be in Antigua.

Vijay Mallya, Nirav Modi, Mehul Choksi are all coming back to face law of the land, Sitharaman said in the Rajya Sabha while replying to a debate on the insurance amendment bill.

Mallya, an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is in the UK since March 2016.

Nirav Modi and his maternal uncle Choksi fled the country allegedly after committing fraud in the public sector lender Punjab National Bank. Modi is accused of committing a fraud of USD 2 billion (around Rs 14,500 crore) in the PNB.
PTI
first published: Mar 18, 2021 07:35 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark