Mumbai: A special court under the Prevention of Money Laundering Act on Wednesday allowed the Enforcement Directorate ’s request to move an extradition proposal through diplomatic channels to bring Sagar Mehta , an accused in the Rs 177 crore money laundering case linked to the Torres Jewellers Ponzi scheme , back from the United Arab Emirates .




The court noted that a Red Corner Notice had been issued through Interpol, New Delhi. The investigating agency later received information that Mehta had been arrested in the UAE. The court said the arrest was communicated through Interpol and the National Central Bureau, Abu Dhabi, under the Ministry of Interior, Directorate General for Federal Criminal Police.




The matter arises from a money-laundering offence registered by ED on Jan 9, 2025, under PMLA, against Platinum Hern Pvt Ltd and others. Mehta has been absconding since the registration of the offence. The judge said, “Looking into the grievous and serious offence against the accused, his presence is required. The Investigating Agency request for extradition proposal to be sent to the UAE, Central Authority through Diplomatic Channels for bringing the accused back in the Indian Territory for further necessary compliance and trial. Hence, the application as sought by the prosecution can be allowed in the interest of justice.”