Nirav Modi is the main accused in the $2-billion Punjab National Bank (PNB) scam case. Fugitive diamantaire Nirav Modi was arrested on Wednesday by Scotland Yard in London.
The arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case. “Nirav Deepak Modi, 48 (Date of Birth 24.02.71), was arrested on behalf of the Indian Authorities on Tuesday, 19 March, in Holborn,” the Metropolitan Police said in a statement. “He will appear in custody at Westminster Magistrates’ Court on Wednesday, 20 March,” the statement added.
The arrest location indicates that Nirav Modi is wanted in India concerning the Rs 13,500 crore Punjab National Bank scam case. He was arrested from Centre Point in the West End, where he is believed to have lived. It would seem that his arrest is on an extradition warrant, details of which will become apparent when he appears before Westminster Magistrates’ Court in London.
