Nirav Modi had fled India after allegedly siphoning off about Rs 13,0000 crore from Punjab National Bank using Letters of Undertaking in collusion with his uncle Mehul Choksi.<br /><br />Denied bail and remanded in custody, the court case against Nirav Modi has to meet various requirements under British Law and could be just as long drawn as Vijay Mallya.<br /><br /><br />Follow this story and more: https://www.outlookindia.com/website/story/india-news-nirav-modi-arrested-but-extradition-to-india-not-any-time-soon/327345
