Nirav Modi Hints at 'Sensational Developments' Ahead of UK Extradition Hearing

Fugitive businessman Nirav Modi, jailed in the UK for over six years, has signalled potential “sensational developments” in his ongoing extradition battle to India. The case, tied to the USD 2 billion Punjab National Bank (PNB) fraud, is set to resume in London next month.

The 54-year-old diamantaire made the remarks during a separate civil hearing at London’s Royal Courts of Justice, concerning an unpaid Bank of India debt exceeding USD 8 million. Addressing the court as a Litigant in Person, Nirav noted,

“They refer to my extradition — I’m still here. There will be some sensational developments, and I have never used these words before.”

Nirav also raised concerns over limited computer access and eyesight problems, stating that the proceedings were “unfair and imbalanced.” At one point, he expressed frustration:

“Spend one day in prison — there needs to be some basic common sense.”

Bank of India Pursues Outstanding Debt

The Bank of India, represented by barristers Tom Beasley and Milan Kapadia, is seeking enforcement of Nirav’s personal guarantee tied to a loan for Dubai-based Firestar Diamond FZE. The bank opposed his plea to pause the proceedings, arguing it would unduly delay the long-standing claim.

Justice Tinkler rejected Nirav’s request for a stay, confirming that the trial—scheduled for January 2026—will proceed. The judge noted that sufficient arrangements have been made to accommodate Nirav’s medical needs, including access to a computer.

Extradition Battle and Criminal Cases in India

Nirav, wanted in India for the PNB fraud, alleged money laundering, and witness tampering, expressed optimism about his extradition appeal. UK judges have agreed to consider new evidence, a rare concession in such high-profile cases.

The Crown Prosecution Service (CPS) confirmed that Nirav has applied to reopen his extradition appeal, with India already submitting its response. The hearing is expected toward the end of November 2025.

Since his arrest in March 2019, Nirav has repeatedly been denied bail on the grounds of being a flight risk, most recently in May 2025. In 2021, then UK Home Secretary Priti Patel approved his extradition after courts found a prima facie case against him. The forthcoming hearing could mark a pivotal turn in one of India’s most high-profile financial scandals.