The Enforcement Directorate has taken a big action against Nirav Modi, a diamond trader who ran away from banks by cheating. The agency has attached assets worth Rs 253.62 crore of Nirav Modi in Hong Kong. This line includes diamonds, jewelery and bank deposits. The agency says that so far assets worth Rs 2650.07 crore have been attached in the case of fraud on behalf of Nirav Modi. At present, Nirav Modi, who has cheated many financial institutions including Punjab National Bank, is living in Britain. Efforts have also been made by the government for his extradition, but so far no concrete success has been achieved.
In the last week of June itself, another objection has been filed in the matter of his extradition. The court has now decided to hear the matter in October. It is clear from this that the issue of extradition of Nirav Modi has become more complicated. Nirav Modi's lawyer told the court that he may commit suicide if he is extradited. In such a situation it would be wrong to extradite him. Not only this, Nirav Modi says that he will have to live in very bad condition in the jails of India. Meanwhile, this action of ED has definitely tightened the noose on Nirav Modi. It is worth noting that the government has often faced opposition attacks in the case of liquor baron Vijay Mallya, Heera Korabari Mehul Choksi and Nirav Modi fleeing the country by fraud.