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Special Court Said Not Enough Power To Declare FEO On Nirav Modi Advocate Vijay Aggarwal Presented

Endeavors to declare wanted Diamond Merchant Nirav Modi a FEO (Fugitive Economic Offender) by law enforcement agencies were deferred further as hearing on this case has delayed further by special Mumbai Session Court until it is endowed with the proper powers.


 UM Mudholkar, a special judge, stated in his order that courts considering such issues must have powers under both, the one assigned for the Central Bureau of Investigation or Anti-Corruption Branch & the second one the Prevention of Money Laundering Act. He further said “This court is presented only with powers under the PML Act.  

In an application by Nirav Modi, documented via Senior Advocate VijayAggarwal, had withstood that court under Prevention of Money Laundering Act (PMLA) is a assigned court, it was not assigned under the PCA (Prevention of Corruption Act).   

The judge said “passing of any effective order in such situation by this court would not be legitimate”. The notification may come in short time. In order to any more complications, the passing of the order this application can be conceded till next date or till receipt of the notice." 

The diamond merchant Nirav Modi must be labeled as FEO (Fugitive Economic Offender) before ED (Enforcement Directorate) can connect his foreign resources. The Law Enforcement Agencies documented an application under section 4 of FEO act, a year back.  . Nonetheless, contentions on the issue are yet to begin because of the different requests documented by Modi challenging the move. 

The Diamantire Nirav Modi & his uncle Mehul Choksi are being interrogated by the Central Bureau of Investigation & Enforcement Directorate in country’s biggest scam of Rs 13,750 crore caused to Punjab National Bank. The Enforcement Directorate (ED) is examining the money laundering part of the scam and the Central Bureau of Investigation is investigating from criminal connivance.
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