Nirav Modi Declared Fugitive Economic Offender By Special Court In Mumbai

A special court on Thursday declared PNB bank scam accused Nirav Modi as a fugitive economic offender. The order was passed by the Prevention of Money Laundering Act ( PMLA)  under Fugitive Economic Offenders Act. The Act permits for the confiscation of property of economic offenders who evade prosecution by staying outside the jurisdiction of Indian courts.