Nirav Modi fraud: PNB move Hong Kong court; plans legal action in others countries
PNB plans to approach other jurisdictions where Nirav Modi and his associates have assets and properties as part of recovery process, a senior PNB official said. Hong Kong authorities have been approached and recovery writ has been filed against companies of Nirav Modi, the official said without disclosing other details.
China earlier this month said Hong Kong was free to accept India's request to arrest Nirav Modi on the basis of the local laws of the region and judicial agreements between the two. Image source: Reuters