Fugitive diamond merchant Nirav Modi arrested in London

New Delhi: The Enforcement Directorate (ED) on Wednesday said that diamond merchant Nirav Modi has been arrested in London, and would be produced in the court later today.

On Monday, a London court issued an arrest warrant against diamond merchant Nirav Modi, who is wanted in India for an alleged loan default case, according to the sources in the Enforcement Directorate.

Also Read: PNB scam- ED files fresh charge sheet against Nirav Modi

The arrest warrant was issued by the Westminster Court, the sources added.

Also Read | PNB Scam: Mehul Choksi breaks silence, calls ED's allegations 'false and baseless'

The development comes days after the fugitive was tracked down to a 33-storey Centre Point Apartment complex in London's Theatre District.

The tower was an office complex and was converted into luxury residences with prices ranging from £2 million to £55 million all with superb views over the city of LondonModi was believed to be living in a property worth £8 million apartments in the tower, the rent for a similar apartment in the tower comes to approximately £17,000 a month, stated the Daily Telegraph.

Also Read: Nirav Modi living freely in £8 million flat in London

Also Read | Nirav Modi files appeal in UK High Court to challenge his extradition to India

One of the prime accused in the PNB scam in India, Modi is the subject of an extradition request by India, along with an Interpol Red Corner Notice being issued against him. Modi is the prime accused in the Rs 13,000 crore PNB fraud, along with his uncle Mehul Choksi was granted citizenship of Antigua and Barbuda on January 15, 2018, while Modi is in London. 

Both Modi and Choksi left India in January last year before the PNB scam came out in the public. The duo has not returned to India despite repeated summons from probe agencies and courts. (ANI)

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• #Diamond merchant
• #Enforcement Directorate
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• #London
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