A London court orders fugitive diamond businessman Nirav Modi to repay $10.7 million (about ₹100 crore) to the Bank of India for loans he had guaranteed. According to reports, Judge Simon Tinkler rules that the bank’s claim is valid and is enforceable, rejecting arguments raised by Modi against the enforceability of the demand. The decision follows the bank’s effort to recover amounts linked to the underlying loan guarantees connected to Modi’s broader fraud case in India. Separate from the repayment ruling, Modi remains in a UK jail while he contests extradition to India. Reports describe that his extradition challenge is connected to India’s case involving a major fraud allegation. The court’s order specifically directs Modi to pay the repayment amount in connection with the bank’s recovery claim, while the extradition proceedings continue. The coverage reflects the same figure and court authority across outlets, but focuses on different procedural details, including Modi’s ongoing custody and legal challenges in the UK.
UK court orders Nirav Modi to repay $10.7 million to Bank of India
A London court orders fugitive diamond businessman Nirav Modi to repay $10.7 million (about ₹100 crore) to the Bank of India for loans he had guaranteed. According to reports, Judge Simon Tinkler rule...
- A London court orders Nirav Modi to repay $10.7 million (about ₹100 crore) to the Bank of India.
- The ruling is linked to loans he guaranteed.
- Judge Simon Tinkler finds the bank’s claim valid and enforceable.
- Modi remains in a UK jail while fighting extradition to India.
- The repayment order is separate from the ongoing extradition and related legal proceedings.
UK court orders Nirav Modi to repay million to Bank of India in loan recovery
18 hours agoA London court ordered fugitive diamond businessman Nirav Modi to pay $10.7 million to Bank of India for loans he guaranteed. Judge Simon Tinkler ruled the claim valid, despite Modi's arguments against enforceability. He remains in a UK jail, fighting extradition to India over a major fraud case.
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