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Mon, Jul 22, 2019 | Last Updated 6:37 am IST

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Nirav Modi tagged as a fugitive before ED can attach his Foreign Assets

Nirav Modi tagged as a fugitive before ED can attach his Foreign Assets
Nirav Modi tagged as a fugitive before ED can attach his Foreign Assets
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mumbai sources reported that attempts by law enforcement agencies to declare wanted diamantaire Nirav modi a fugitive economic offender were delayed further after a special mumbai sessions court hearing the matter postponed the case until it is vested with appropriate powers.  Meanwhile in an order, special judge UM Mudholkar said courts dealing with such matters must have powers under the Prevention of Money Laundering Act and as a designated court for the Central Bureau of Investigation/Anti-Corruption Branch. Hence this court is bestowed only with powers under the PMLA.

Nirav Modi tagged as a fugitive before ED can attach his Foreign Assets

He said “So far as designated powers of this court as CBI/ACB judge are concerned, notification of this court is not received and is awaited. So, in a sense, as on today, this court cannot effectively deal with these matters”. Furthermore modi, in an application filed through senior counsel vijay Aggarwal, had contended that while the court is a designated court under PMLA, it was not designated under the Prevention of Corruption.



The judge said “In such a situation, passing of any effective order by this court would not be proper,” the judge said. “The notification may come very shortly. Hence, to avoid further complications, passing of the order on this application can be deferred till next date or till receipt of the notification.” 


Nirav Modi tagged as a fugitive before ED can attach his Foreign Assets
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