Nirav Modi, Vijay Mallya fled India as probe agencies did not arrest them at proper time: Court
Mumbai (PTI): Businessmen involved in multi-million dollar scams, such as Nirav Modi, Mehul Choksi and Vijay Mallya, were able to flee the country because probe agencies failed to arrest them at the proper time, a special court here said recently.
Special judge M G Deshpande made the remark while hearing a plea of an accused booked under the Prevention of Money Laundering Act (PMLA) seeking modification in his bail condition.
The court on May 29 accepted the plea of Vyomesh Shah, an accused in a money laundering case, to drop the bail condition of getting the court's prior permission to travel abroad.
The detailed order was made available recently.
The Enforcement Directorate (ED) had argued that allowing Shah's application would give rise to situations like Nirav Modi, Vijay Mallya and Mehul Choksi.
Rejecting the probe agency's contention, the judge said, "I thoughtfully examined this argument and felt it necessary to note that all these persons fled because of the failure of the investigating agencies concerned in not arresting them at the proper time."
On the contrary, Shah had appeared before the court responding to the summons, secured bail, and applied many times to travel abroad, he said.
Shah's case cannot be equated with the cases of Nirav Modi, Vijay Mallya, Mehul Chokshi etc, the court held.
Diamantaire Nirav Modi and his uncle Mehul Choksi are prime accused in the multi-crore PNB scam.
Modi is currently serving a prison sentence in the UK, while his uncle lives in Antigua.
Mallya, currently in the UK, is accused in the over 900-crore alleged loan fraud case, being probed by the ED and Central Bureau of Investigation (CBI).
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CNG prices hiked by Re 1, second time in a week
New Delhi (PTI): CNG prices were hiked by Re 1 per kg on Sunday, the second increase in rates in less than a week.
CNG now costs Rs 80.09 per kg in the national capital, according to Indraprastha Gas Ltd, the country's biggest city gas firm.
The rate hike comes within days of Rs 2 per kg increase in rates on Thursday.
Rates of gas piped to household kitchens, called piped natural gas, however, remain unchanged.
IGL said, "The retail selling price of CNG has been increased by Re 1/kg wef 6 am on 17.05.2026 in all geographical areas (GAs) of IGL".
"The revision in retail prices of CNG has been effected only to marginally offset the impact of increase in input gas cost along with steep appreciation of USD," it said.
Even after the latest revision, CNG would still offer up to 45 per cent savings towards the running cost when compared to vehicles running on alternate fuel at the current level of prices.
