Finance Minister Nirmala Sitharaman said that fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi are “coming back” to India to face the law. The government is pursuing extradition of Vijay Mallya and Nirav Modi from the UK while Mehul Choksi is believed to be in Antigua and Barbuda. “Vijay Mallya, Nirav Modi, Mehul Choksi all of them are coming back to face the law of this land…One after other everybody is coming back to this country to face the law of this country,” Ms Sitharaman said while responding to a discussion on Insurance (Amendment) Bill, 2021 in Rajya Sabha. Vijay Mallya, an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is in the UK since March 2016. He is on bail on an extradition warrant executed three years ago by Scotland Yard on April 18, 2017. Nirav Modi and Mehul Choksi, are accused in a scam involving fake guarantees in the name of state-run PNB to secure overseas loans. Both fled India in 2018, before the CBI began probe. Last month, Nirav Modi, the diamond merchant wanted on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, had lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
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