Nirav Modi arrested, to be produced in London court today

March 20, 2019 15:20

Fugitive jeweller Nirav Modi has been arrested and is likely to be produced before the Westminster Court in London. The court issued a warrant to arrest the diamantaire who is accused in a Rs 13,500 crore Punjab National Bank fraud case.

The order came in response to a request by the Enforcement Directorate for his extradition to India to face charges in the money laundering case, officials said Monday.

They said the investigative agency has been recently informed about the issuance of the warrant by the Westminster Magistrate Court against Modi and he is expected to be put under formal arrest by the London Metropolitan police soon.

Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating PNB, India's second largest lender, to the tune of more than Rs 13,000 crore.

The duo and others are also being probed by other central agencies after the fraud came to light this year following a complaint by PNB that they allegedly cheated the nationalised bank. Both Nirav Modi and Choksi fled the country before criminal cases were lodged against them.

« Back to LIVE

TOP STORIES

Sporadic violence mars 3rd phase polls in Bengal

The TMC, the BJP, and the Congress-CPI(M) alliance lodged separate complaints related to poll violence, voter intimidation, and assaults on poll agents in the first few hours of polling, sources from the parties said.

The Hottest Met Gala Looks

Meet the celebs who wowed at New York's biggest fashion gala of the year.

'Modi Never Said He Won't Change Constitution'

'Modi is not assuring the nation that if he gets back to power in 2024 and remains in power till 2029, he will not change the Constitution.'

Hardik The Bowler Is Back!

Hardik Pandya turned in his best figures of the ongoing IPL season.

Recipe: Tomato Salad With Walnuts And Cheese

Something light, refreshing and healthy at the beginning of the week.