BREAKING: Fugitive diamond trader Nirav Modi arrested

New Delhi, News24, March 20: The Fugitive jeweller has been arrested and is likely to be produced before the Westminster Court in London. The court issued a warrant to arrest the diamantaire who is accused in a Rs 13,500 crore Punjab National Bank fraud case. A Red Corner Notice has already been issued against him. 

He is the main accused in the $2-billion Punjab National Bank (PNB) scam case.

A London court had issued an arrest warrant against jewellery designer Nirav Modi in response to an ED request for his extradition in a money laundering case, officials had said earlier.

They said the investigative agency has been informed about the issuance of the warrant by the Westminster Magistrate Court against Modi and he is expected to be put under formal arrest by the local police soon.

More details are awaited. 

The Enforcement Directorate (ED), early this month, had said that United Kingdom's home secretary Sajid Javid had referred India's request for extraditing Modi to a court for initiating legal proceedings against the diamantaire.