Modi Government’s crackdown on corruption is at full swing. In a big diplomatic win for India, absconding economic fugitive Nirav Modi who is accused of cheating the Indian banks an amount of Rs 13700 crores has been officially arrested in London
The diamond don is arrested two days after the warrant was issued against him by the UK Westminister Magistrate Court. The warrant was issued as part of processing the extradition request by India
The Enforcement Directorate which has been pursuing the case has confirmed the massive development.
Recently Nirav Modi was tracked in London, who reportedly lives in a luxury 8 million pound apartment in west London, and currently deals in diamond business. The Indian government was aware of his presence in the UK, and ED had already requested the UK government for extradition in July 2018. The UK government had found the Nirav Modi case fit for extradition, and the request was sent by UK Central Authority of Home Office to the Westminster Magistrate Court for further proceedings.
Nirav Modi, his wife Ami Modi, brother Nishal Modi, and uncle Mehul Choksi are accused defrauding Punjab National Bank to the tune of Rs 14,356 crore by obtaining Letter of Undertaking without furnishing any guarantee. Mehul Choksi is living in Antigua, having taken citizenship of the country.
He is soon to be produced in WestMinister Magistrate Court at 3.30 pm. Time is not far when he will be extradited to India