Scamster And Fugitive Nirav Modi Arrested In London
Accused of defrauding Punjab National Bank of ₹14,356 crore, Nirav Modi, the fugitive jeweller, has been arrested in London and would be produced in court shortly before the commencement of his extradition hearing. CBI had requested the UK authorities to detain Nirav Modi, with the UK confirming Modi’s presence on its soil.
The UK had issued the warrant against him three days ago, following the Enforcement Directorate's request for his extradition. But a decision on his extradition cannot be taken without a long-drawn legal process, as is happening in the case of Vijay Mallya.
In July, Interpol had issued a red corner notice against Nirav Modi, his brother Neeshal Modi and close aide Subhash Parab, who was an executive with the Nirav Modi group. The Red Corner Notice allows security agencies in all Interpol member-countries to track down and arrest the suspect so that extradition proceedings can be started against them.