Global Investigations Review - The law and practice of international investigations

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Thursday, 07 November 2019

India asks Belgium to charge Nehal Modi after extradition refusal

Authorities in India are pushing Belgian prosecutors to pursue legal action against Nehal Modi after their extradition request for him was rejected six months ago, according to The Economic Times.

Indian investigators reportedly plan to submit evidence of Modi’s alleged role in a $2 million fraud at Punjab National Bank during his time as a director at Firestar Diamonds USA, his diamond-merchant brother Nirav Modi’s now-defunct company, in the hope Belgium will be willing to pursue charges.

Belgium allegedly rejected India’s request to extradite Nehal Modi in March 2019 because he holds citizenship in the country.

The news came on the same day as reports that a UK court denied a third request for bail from Nirav Modi, who is currently fighting extradition in relation to the case from a London prison.

Jho Low accused of trying to buy Cypriot property under assumed name

Malaysia’s chief of police Abdul Bador has accused the fugitive financier at the centre of the 1MDB scandal of attempting to purchase property in Cyprus, Reuters reports.

Low reportedly acquired a Cypriot passport in 2015 through a so called “golden passport” scheme for wealthy investors.

Bador reportedly told journalists on 6 November that a series of arrests made in the last month had led Malaysian investigators to learn of Low’s scheme.

Cypriot authorities have reportedly begun the process of stripping Low of his citizenship.

Ex-Goldman Sachs banker to stand trial in Malaysia for allegedly facilitating 1MDB fraud

A former partner at Goldman Sachs Asia has pleaded not guilty to Malaysian prosecutors’ charges of abetting the sale of $6.5 billion in 1MDB bonds and will stand trial in April, Reuters reports.

The country’s deputy public prosecutor reportedly told the newswire that Ng is currently in the US as part of a custody agreement between US and Malaysian prosecutors but will return to Malaysia before the trial begins.

Ng was also charged by US prosecutors – alongside fugitive 1MDB financier Jho Low – in March 2018 on three counts including conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit money laundering. Ng denies the charges against him.

Diack denies corruption charges before Dakar judge

Former International Association of Athletics (IAAF) executive Papa Massata Diack has appeared at a hearing in Dakar, Senegal over his alleged role in covering up Russian doping cases in return for money, according to AFP.

A source close to the matter reportedly said that Diack, who is accused of taking a central role in the corruption scheme that included his father, Lamine Diack, denied the allegations on 5 November before an investigating judge.

Authorities in France have so far been unable to question the younger Diack but have filed two international arrest warrants against him. Senegal has said that it would not extradite him.

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