According to the reports, economic defaulter Vinay Mittal, known for multiple bank frauds to the tune of Rs 40 crore has been extradited to India from Indonesia’s Bali on the request of the Central Bureau of Investigation (CBI). Interpol had already raised a Red Corner notice against Mittal on CBI’s insistence.
Vinay Mittal, involved in bank frauds worth around Rs 40 crore, extradited to India from Indonesia’s Bali on the request of Central Bureau of Investigation (CBI). Interpol had earlier issued Red Corner Notice against Mittal on CBI’s request
— ANI (@ANI) October 16, 2018
Working on the requests made by the Corporation Bank and the Punjab National Bank which are reeling under Rs 13000 crore bank fraud allegedly committed by the duo Nirav Modi and Mehul Choksi, the agency had registered cases against Mittal in 2014 and 2016 respectively. Seven charge sheets were filed in the courts of Delhi and Ghaziabad against Vinay Mittal after which he supposedly absconded from the country. After a tenacious search, he was tracked down in Bali, Indonesia where he was arrested by the Indonesian authorities in January 2017, based on the Red Corner Notice. Indonesian President recently cleared his extradition to India, following which he was brought back to India.
Vinay Mittal had been charged for financial irregularities and bank frauds in these seven cases by the CBI. As per a list of fugitives prepared by the External Affairs Ministry, Vinay Mittal was one of 28 fugitives to be living outside the country. The CBI is pursuing cases against the remaining 22 of them while the ED is pursuing cases against 13 offenders. Eight persons figure in both lists.
Vinay’s extradition can be ascribed to India’s agile diplomacy and its dogged perseverance in seeking the extradition of fugitives living abroad. India has, so far, signed extradition treaties with 48 countries including the USA, UAE, France, Germany, the U.K, and Hong Kong. In addition to this, extradition arrangements have been signed with Croatia, Italy, and Sweden as well. Earlier today, CBI was successful in bringing back another economic offender, Mohammad Yahya from Bahrain. He is alleged to have cheated a couple of banks of Rs 46 lakhs in 2003.