Won't interfere in Hong Kong's decision on arresting Nirav Modi: China

Won't interfere in Hong Kong's decision on arresting Nirav Modi: China

Won't interfere in Hong Kong's decision on arresting Nirav Modi: China

China on Monday hinted it won't push for fugitive Indian jeweller Nirav Modi's arrest, who is suspected to be in Hong Kong, saying the Chinese autonomous region has its own set of judicial rules and India can deal with the authorities directly.

"If India makes relevant request to the HKSAR, we believe HKSAR will follow the basic law and relevant laws and (act) under relevant judicial agreements with India (on) the relevant issue", Geng added.

Nirav Modi is the prime accused in the United States dollars 2 billion PNB bank fraud case and is believed to in Chinese territory.

The special Central Bureau of Investigation (CBI) court in Mumbai issued by the warrant against the two businessmen. Modi has his shop in Hong Kong besides in Beijing therefore he is absconding from India. While Modi and his brother Nishal left India on January 1, his wife Ami, a U.S. citizen, and Choksi left on January 6, all before the CBI received a complaint from the PNB on January 29. The top court at the time had said that it would step in only when agencies fail to carry out the investigation properly and that the government must get a free hand to probe the scam. It has questioned an officer from Allahabad Bank's Hong Kong branch in relation to the extension of credit facilities on the basis of letter of undertaking (LoUs) issued by PNB. Modi and Choksi left India with their families in the first week of January this year and a case was registered against them soon after.


A Mumbai branch of PNB had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.

CBI has also questioned officials of PNB and other bank, and made at least 20 arrests in the case that came to light in early February.

It is alleged that LoUs (letters of undertaking) and LCs (letters of credit) worth close to United States dollars 2 billion were issued fraudulently to the companies of the uncle-nephew duo from the PNB's Brady House branch in south Mumbai through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages.

The source said the official was based at the bank's Hong Kong branch.

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