Fugitive billionaire jeweller Nirav Modi arrested in London: British police
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Fugitive billionaire jeweller Nirav Modi has 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 today.
Punjab National Bank, Indias second-largest state-run bank, in 2018 said that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded it by raising credit from other Indian banks using illegal guarantees issued by rogue PNB staff.
Modi and Choksi, who have both denied wrongdoing, left India before the details of the fraud became public.
In December, a British court agreed that another high-profile Indian businessman, aviation tycoon Vijay Mallya, could be extradited to his homeland to face fraud charges. Mallya is currently appealing the decision.
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On DawnNews
Comments (34) Closed
Mar 20, 2019 03:37pm
Next target Malta, his time too, running out.
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Mar 20, 2019 03:39pm
All these economic fugitives have to return the looted wealth and pay their time in jail.
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Mar 20, 2019 03:40pm
When will pakistan arrest Ishq Dar who's is in London as well
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Mar 20, 2019 03:44pm
Modi....
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Mar 20, 2019 03:52pm
Wow. This will be first of its kind arrest in London where all the corrupts and criminals from all over the world has found safe home.
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Mar 20, 2019 03:53pm
You're going home Modi to face justice.
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Mar 20, 2019 04:03pm
See the power of India,
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Mar 20, 2019 04:03pm
Power of PM Modi :)
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Mar 20, 2019 04:11pm
Steadily, things are getting better in India. After the drastic improvement in the world bank's index for "ease of doing business" the next frontier would be corruption indexes. Way to go Modiji, India trusts you to do the needful. In all aspects, and not just warning signals.
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Mar 20, 2019 04:15pm
Another Modi in hot waters. Rahul Gandhi was right about them.
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Mar 20, 2019 04:16pm
PM Modi walking the talk. 2019 Modi again.
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Mar 20, 2019 04:17pm
At least this Modi was brought to justice
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Mar 20, 2019 04:21pm
@Lahore Vivek, India has a deal with UK when Theresa May visited India post Brexit.India is a huge market which UK can't resist for few people like this. Infact India made the same kind of deal with UAE too. Reason why Micheal was extradited to India on Agusta scam during Congress rule
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Mar 20, 2019 04:27pm
Pl bring him to India and make him to pay back. Also put him and his masters congmen behind bars
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Mar 20, 2019 04:42pm
that became possible only due to effective govt in India.
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Mar 20, 2019 04:46pm
Why was he allowed to leave India in the first place only to offer him celebrity like arrest just weeks before the election ?
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Mar 20, 2019 04:49pm
This is what is India. No one can escape from the law of the land. The intention is clear, punish the criminals.
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Mar 20, 2019 04:55pm
Bad news for comgress.
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Mar 20, 2019 05:01pm
Another Modi. Not surprising!
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Mar 20, 2019 05:50pm
@Ponder, It's the power of signing up to 'Interpol'.
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Mar 20, 2019 05:51pm
@Sweets, Doubt it. In India they will pay their way through, because Modi is corrupt.
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Mar 20, 2019 06:00pm
@Lahore Vivek, go ask them.
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Mar 20, 2019 06:12pm
Will be released soon.
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Mar 20, 2019 06:17pm
he was patronized and protected by another modi
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Mar 20, 2019 06:56pm
@Wasim, Nirav was arrested ny UK police and he is under UK court, until the UK Court orders the UK home secretary, Mr. Sajid Javed, to extradiate him to the Indian authorities; but even@ this stage, the British Home secretary has many dicscrtionaly powers in this issue; this will take more time, even though, his arrest and bail denial are good steps forward; UK should stop giving PR and safe heaven to these kind of fugitives, including Vijay malya, in the name of humanrights; these thieves caused massive human rights abuse in India by stealing thousands of innocent's money and ran away;tomorrow, they can do the same to UK and wil run away. UK and EU must change their polocies even now.
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Mar 20, 2019 07:13pm
@Lahore Vivek, Pak now can use this case as precedent, and ask UK authorities to exrtradite all the criminals including money launderers
back to Pakistan.
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Mar 20, 2019 07:20pm
@Lahore Vivek, How come British court agreed to arrest Indian but not Ishaq Dar?
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Mar 20, 2019 08:03pm
Power of NaMo.
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Mar 20, 2019 08:24pm
UK, send this Modi home to face the courts. UK has been harboring these criminals long enough and that must stop.
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Mar 20, 2019 08:47pm
@Zak, Remember what you have said.
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Mar 20, 2019 09:50pm
@Sweets, even pakistan is big market with 20 crore people. Who is stopping ur govt to do such type of treaties.
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Mar 20, 2019 11:21pm
We need similar British action for our fugitive Altaf H.
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Mar 20, 2019 11:34pm
Once a cheater, always a fraudster.
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Mar 21, 2019 12:30am
@Abhishek, I say it again. Modi is corrupt to the core like his RSS.
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