PNB Fraud: Hong Kong can take decision on Nirav Modi’s arrest, says China

Beijing: China has said on Monday that Hong Kong can agree to India’s request for arresting fugitive businessman Nirav Modi, who has been reportedly in Hong Kong.

Chinese Foreign Ministry spokesperson Geng Shuang told media “according to the one country two systems and basic law of the Hong Kong Special Administrative Region (HKSAR), under the assistance and authorisation of Centre, the HKSAR can make proper arrangement on judicial mutual assistance with other countries.”

VK Singh, Minister of state for external affairs, while speaking in Parliament last week said the ministry had sought provisional arrest of Modi by the government of HKSAR, and the People’s Republic of China.

The Gujarat based merchant had fled India before an FIR could be lodged against him. He is wanted in connection with a fraud worth 12,700 crores at the Punjab National Bank.