Diamonds Aren’t Forever: PNB Fraud Accused Nirav Modi Arrested In London After UK Court’s Arrest Warrant

Nirav Modi. (Flickr/Crossroads Foundation)

Following recent reports that a Westminster court has issued an arrest warrant against fraud accused diamond merchant Nirav Modi, it has now come to light that the fugitive businessman has been arrested in London today (Wednesday), reports India Today.

Nirav Modi is an accused in a Rs 14,000 crore PNB scam along with his uncle Mehul Choksi.

A few days earlier media organisations had tracked down Nirav Modi while he was roaming on the streets of London. He was also seen wearing an Ostrich leather jacket worth Rs 9 lakh while he repeatedly refused to answer questions by a reporter.

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Reports have claimed that Nirav Modi has been living in a 33-storey Centre Point apartment complex in London’s Theatre District. The property he is currently residing is said to be worth $8 million.

Meanwhile, India has already requested for Nirav Modi’s extradition and as assured by External Affairs Ministry spokesperson Raveesh Kumar, is making strong efforts to bring back the fugitive. An Interpol red-corner notice has also bee issued against him.

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