After Vijay Mallya, Law Finally Catches Up With Nirav Modi, The Fugitive Scamster Could Be Arrested In UK Anytime

After a year since he along with his accomplices fled India, the law has finally caught up with Nirav Modi who has been living in London since the fled India last year to evade arrest in the multi-crore Punjab National Bank (PNB) scam.

ANI quoting Enforcement Directorate sources reported that an arrest warrant has been issued against him by a Westminister court on the agency's request.

Reports suggest that the arrest warrant was issued a few days ago and the fugitive jeweler could be arrested any time soon.

BCCL

As far as his extradition to India is concerned, Modi will be first arrested by the London Metropolitan Police, following which he will be granted bail on the condition that he cannot leave the UK.

Till now there are no indications of Modi challenging the arrest warrant on the extradition request.

The former celebrity diamond trader who had been elusive for nearly a year since he feld India was finally tracked down by a British journalist earlier this month in London.

The man who is accused of swindling off Rs 13,000 crore from PNB was caught on camera outside his three-bedroom ?8 million apartments occupying half a floor within the luxury skyscraper called Centre Point off Tottenham Court Road, where rent is understood to be ?17,000 a month.

When he was confronted by the journalist, Modi was wearing an ostrich hide jacket which is estimated to be worth over Rs 9 lakhs.

The Telegraph

The newspaper also reported that Modi has resumed his diamond business under a new name.

According to The Times of India, Modi's new business is called Diamond Holdings and has an office in Soho.

Following the media reports of him living in London, External Affairs Ministry spokesperson Ravish Kumar had stated that the Indian authorities were aware of his presence in the UK and the extradition request was pending with the UK Foreign Secretary.