Modi and his uncle, Mehul Choksi, are the main defendants of the PNB scam and they both left India before details of the fraud came to light in January 2018.
The case was based on PNB’s complaint that the accused had devised a criminal conspiracy to defraud the public sector bank by fraudulently issuing letters of commitment.
Modi, who was arrested on an extradition warrant on March 19, 2019, is the subject of two separate criminal proceedings, a Central Bureau of Investigation (CBI) case relating to large-scale fraud against PNB, and a other, legal action. Management case (ED) relating to the laundering of the profits from this fraud.
The court in February said it was convinced there was evidence Modi could be convicted and that there were clear links between him and other accomplices, including PNB officials.
“Many of them are on trial in India. I am convinced again that there is evidence that he could be convicted. At first glance, there is a case of money laundering, ”said the district judge.
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