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Nirav Modi declared fugitive economic offender
India’s wanted scammer Nirav Modi has been declared a fugitive economic offender by a Mumbai court for the $2 billion Punjab National Bank (PNB) money-laundering and fraud case He is the second person, after Vijay Mallya, to be charged under an anti-fraud law that was passed last year.
The Act permits for confiscation of property of economic offenders who evade prosecution by staying outside the jurisdiction of Indian courts.
Nirav Modi, 48, and his uncle, Mehul Choksi, 60, are the prime accused in a scam involving fake guarantees in the name of a state-run lender to secure overseas loans. Both fled India in January last year before the Central Bureau of Investigations (CBI) began investigations.
Nirav Modi was arrested in March by Scotland Yard in connection with this case. India is seeking his extradition to make him face the country’s law for his alleged offenses.
The Fugitive Economic Offenders Act, 2018, designed to catch people who flee abroad after committing financial crimes, was signed into law by the President in August last year. It is aimed at stopping a growing number of high-profile economic offenders fleeing the country to avoid legal action.
According to the new law, a fugitive economic offender is a person against whom an arrest warrant has been issued for his or her involvement in economic offenses involving at least Rs 100 crore or more and has left India to avoid prosecution.
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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”
%20(1).jpg "According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”")
Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.
Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.
Reacting to her films’ box office failure, Kangana Ranaut
Kangana responded to a question about her career, stating that she has never had a flop. She compared Shah Rukh Khan’s films to Pathaan, Queen, and Manikarnika, noting that if she had a flop in Emergency, it would be a big hit. Kangana compared her career to Shah Rukh Khan, who had consecutive flops for ten years. She also mentioned that she had not had a single hit for 7-8 years before Queen, but after that, she had a few good movies.
No stars from OTT?
The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.
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