Fugitive jeweller Nirav Modi was arrested Wednesday by authorities in the United Kingdom, days after the Westminster Magistrate Court in London issued a warrant against him. He is likely to be produced before the court later in the day.
The warrant against him had marked the beginning of extradition proceeding against him, an Enforcement Directorate official had said.
Nirav Modi, one of the accused in the Punjab National Bank fraud case, was recently tracked by UK’s Telegraph newspaper in London where he was reportedly living in a high-end flat from where he was running a diamond business. Hours after a video emerged showing Modi walking on the streets of London, the External Affairs Ministry had said that the government was taking steps to extradite Modi from the UK, which they were already considering.
