Home News Reports Fugitive industrialist Vinay Mittal extradited from Indonesia for bank frauds worth over Rs 40 crore

Fugitive industrialist Vinay Mittal extradited from Indonesia for bank frauds worth over Rs 40 crore

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.

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.

- Advertisement - - Article resumes -

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.

Share This Post With Your Friends & Fans:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Don't Miss it: Exit Polls At A Glance

#MakePoliticsFunAgain Catch all the Latest on exit polls results with our summary

Most read articles recently

Here is what may have triggered Rajdeep Sardesai’s own colleague slamming him for being a pliant journalist

Anjana Om Kashyap, one of the Editors of Aaj Tak who conducted that interview interestingly took to Twitter today to castigate what appears to be her colleague, Rajdeep Sardesai.

After Anjana Om Kashyap, now Shweta Singh calls out Rajdeep Sardesai’s bias among others

Sweta Singh has called out the blatant bias in the Left media and even Rajdeep Sardesai among others.

Sensing a possible Modi victory, Rajdeep Sardesai proceeds to discredit his own channel’s Exit Poll even before it is aired

Sensing that PM Modi might just come back to power for a second term, he has proceeded to discredit his own channel's Exit Poll which is yet to be aired.

Live updates: Exit polls predict a BJP victory in Lok Sabha polls, now all eyes on May 23

Latest updates and reactions: Who will win? What do the exit polls say? How is media reacting to exit polls?

A dystopian future where Hindu nationalists take over: Social media reacts to Netflix’s latest Hinduphobic show ‘Leila’

After Ghoul and Sacred Games, Leila is the third show on Netflix that demonizes Hindus.

After 2019 Exit Polls, Congress official handle also says ‘Aayega To Modi Hi’

Looks like after the 2019 Exit Polls predicted a thumping majority for BJP and PM Modi, Congress too is saying #AayegaToModiHi. 

That time in 2007 when BJP nearly got banned

Can you imagine the kind of outpouring of rhetoric that would happen if the BJP were doing this to the Congress today?

The side of Rabindranath Tagore that ‘Liberal Intellectuals’ don’t want you to see: Here is what he thought of Islam

Rabindranath Tagore was an extremely complicated man born into an extremely complicated era. Unfortunately enough, he became a victim of the newly minted artificially secular regime's revisionist project

Actor-cum-cocktail politician Swara Bhasker gains 20 sarees and loses 4 brand endorsement deals this election season

Swara Bhasker had extended support to various politicians across political parties with a cocktail of political ideologies
Subscribe to Day's Top Stories

Latest articles

Connect with us

163,474FansLike
139,133FollowersFollow
63,069SubscribersSubscribe

Don't miss these

Share This Post With Your Friends & Fans: