The Supreme Court Thursday remanded back to the Bombay High Court for fresh adjudication in four weeks an appeal filed by the CBI challenging the nod granted to Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi, to travel to Hong Kong.
Nirav Modi is an accused in the Punjab National Bank (PNB) fraud case. The CBI has alleged that Mehta received a large sum of money siphoned off in the PNB fraud scam and transferred them to his and his wife's offshore bank accounts.
A bench comprising Chief Justice DY Chandrachud and Justices PS Narasimha and J B Pardiwala said the CBI and Mehta may file additional documents in the high court within a period of two weeks and the plea will be decided within two weeks after that.
The court, in its order, noted that Mehta's counsel senior advocate Amit Desai, on instruction, has agreed to give a letter of authority to the central probe agency to access the details and probe his two offshore bank accounts.
The CBI plea, filed through its Director, Banking Securities Fraud Branch, Mumbai, challenged the August 23, 2022 order of the Bombay High Court which had allowed Mehta to travel to Hong Kong and stay there for three months.
The high court had upheld the order of the special CBI judge, Mumbai, quashing the look out circular issued against Mehta by the CBI and had permitted him to go to Hong Kong for a period of three months.
Mehta is a British national, who lives in Hong Kong with his family and had come to India on September 8, 2021 for appearing in a Mumbai court.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app