Nirav Modi arrested in London

Fugitive diamond merchant Nirav Modi was arrested in London on Wednesday in Connection with multi-billion fraud that took place at a Mumbai branch of Punjab National Bank.

“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.

The move comes after a London court had issued an arrest warrant against Nirav Modi in response to an Enforcement Directorate (ED) request for his extradition. He will be produced in the court later in the day.

Earlier, CBI source had said that expeditious efforts are being made to get absconding Nirav Modi extradited from the United Kingdom. The United Kingdom had responded to a Red Corner Notice issued by the agency against Nirav Modi last year, they added. The RCN was issued in June 2018 on a request from the agency to the Interpol.