Nirav Modi arrested in London, to be produced before UK court shortly
London : PNB scam 2018: Fugitive Nirav Modi, who was found living in the United Kingdom, has been arrested by London Police; he will be produced before the Westminster Magistrate's Court shortly.
The UK Police said that Nirav Modi was picked up from a metro station Holborn, central London.
Three days back, the UK had issued a warrant against him following an extradition request from the Enforcement Directorate. But a decision on his extradition cannot be taken without a long-drawn legal process, as is happening in the case of fugitive liquor baron Vijay Mallya.
UK has recently approved Vijay Mallya's extradition, but the matter is now pending with its Home Office.
A few days back, it was reported that Nirav Modi is living in a 33-storey Centre Point Apartment complex in West End, the post theatre district in London. He is also believed to have started a new diamond business. The 48-year-old billionaire had skipped the country last year, weeks before the detection of the Rs. 13,000-crore Punjab National Bank scam. His relative Mehul Choksi, who was also wanted in the case, was granted citizenship of Antigua and Barbuda on January 15, 2018.