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Fugitive Diamantaire Nirav Modi has been arrested in London on Tuesday. In response to the extradition request placed by Enforcement Directorate, A London Court issued an arrest warrant against him. Finally, The most wanted in the Punjab National Bank scam was taken into custody by the Scotland Yard Police.
Nirav Modi would be produced Today in the Westminster Magistrates Court in London. Just alike Vijay Mallya, He might be granted bail immediately.
Both Nirav Modi and his uncle Mehul Choksi borrowed loans from Punjab National Bank using fake guarantees. Nirav Modi left India weeks before the scam was exposed in 2017. He was spotted by media in London on couple of occasions. Indian Authorities have been doing everything they could for the extradition of Nirav Modi and the recovery of Rs 13,000 crore he owes to the Punjab National Bank.
Nirav Modi is believed to be staying at the Centre Point Apartment in West End, London. How long it could take to bring him back to India?