Nirav Modi is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year.
A bench headed by Chief Justice Ranjan Gogoi took note of the submission of F S Nariman, appearing for Vijay Mallya, that the fresh plea be heard along with the pending one on the legality of the law and the action to confiscate the properties.
The 63-year-old former Kingfisher Airlines boss said he was feeling "positive" as he entered the Royal Courts of Justice, where Justices George Leggatt and Andrew Popplewell began hearing the arguments from his barrister Clare Montgomery.
The 63-year-old former Kingfisher Airlines boss Vijay Mallya said he was feeling 'positive', as he entered the Royal Courts of Justice, where Justices George Leggatt and Andrew Popplewell began hearing the arguments from his barrister Clare Montgomery.
Mallya, who remains on bail on an extradition warrant executed by Scotland Yard in April 2017, is undergoing a UK High Court appeals process against his extradition order signed off by UK home secretary Sajid Javid in February.
Hole-in-the-wall accountants, Tier-2 CA firms and the Big Four—all share a professional DNA of trickery. From there, it’s a tiny step to fraud. In the case of foreign firms, their very presence in India hinges on that.