Fugitive diamantaire Nirav Modi, wanted in India over a mega bank scam, now warrant issued by the authorities in London.
Nirav Modi faces possible arrest in the UK in connection with mega bank scam that exploded more than a year ago.
According to sources, Nirav Modi, 48, can be arrested anytime in the next few days following the Enforcement Directorate’s request for his extradition in August 2018. UK Home Secretary Sajid Javid signed on the extradition request.
His arrest will enable the start of a trial against him in the Westminster court. If the court decides, London will issue an order to extradite the Nirav Modi to India. The order can be challenged by Nirav Modi.
Nirav Modi and his uncle Mehul Choksi are the prime accused in the Rs. 13,000-crore Punjab National Bank scam involving fake guarantees in the name of the state-run lender to secure loans overseas.
Both left India in January last year before the CBI started investigating the PNB scam.