(Image source from: Localpress.co.in)

Non-Bailable Warrant Against Nirav Modi?:- Billionaire jeweller and businessman Nirav Modi flew from the country after a fraud of Rs 11,300 crores. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) moved to the special court in Mumbai seeking a non-bailable warrant against Nirav Modi. Under the Prevention of Money Laundering Act, ED filed a plea seeking the issuance of Letters Rogatory (LRs) to six countries to obtain the information about the overseas assets and business transactions of Nirav Modi.

ED presented their arguments before the Special PMLA court Judge MS Azmi asking for a non-bailable warrant against the businessman who is currently residing in USA. Modi's lawyer Ashul Agarwal is expected to present his argument today about Nirav Modi flying from the country. ED clarified that Nirav Modi has been summoned thrice on February 15, February 17 and February 22nd asking him to appear before ED but he never appeared.

Nirav Modi replied saying that he cannot appear before them as he is busy with his commitments. Nirav Modi’s advocate Agarwal told the court he should be heard before any decision is taken on issuing the NBW as it involved fundamental rights of his client.