Indian jeweler Modi arrested in London, British police say
Modi is one of the main suspects charged in a $2 billion loan fraud
Modi is one of the main suspects charged in the $2 billion loan fraud. PHOTO: REUTERS
LONDON:
Fugitive billionaire jeweler Nirav Modi had been arrested in London on behalf of the Indian authorities, British police said on Wednesday.
India had asked Britain in August to extradite Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), India’s biggest banking fraud.
Police said Modi, 48, had been arrested in the Holborn area of central London on Tuesday and was due to appear at London’s Westminster Magistrates Court on Wednesday.
This is a developing story will be updated accordingly
Fugitive billionaire jeweler Nirav Modi had been arrested in London on behalf of the Indian authorities, British police said on Wednesday.
India had asked Britain in August to extradite Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), India’s biggest banking fraud.
Police said Modi, 48, had been arrested in the Holborn area of central London on Tuesday and was due to appear at London’s Westminster Magistrates Court on Wednesday.
This is a developing story will be updated accordingly