London: Fraudster, fugitive and diamond merchant Nirav Modi was arrested in London today by the Scotland Yard. He will be produced at Westminster court later today.
The arrest comes two days after a warrant was issued by the court in London for his arrest.
Reports say that teams of Central Bureau of Investigations and the Enforcement Directorate will leave for London soon. Top officials of the agencies are in touch with authorities in the United Kingdom.
Reports say that on March 7 the UK Home Office sent the request to extradite Nirav Modi to India to the Westminster Court. The court found that the accused was eligible to be extradited to India.
Two days later the UK Home Office said that the extradition request was certified by the Home Secretary and sent to the Westminster Magistrate Court.
The arrest of Nirav Modi will likely begin his extradition process to be brought to India to stand trial for the Rs. 14,000 crore Punjab National Bank scam.
The Indian government has gone all out to bring back the fugitive to India to face the charges leveled against him. The government even demolished his sea-facing, Rs. 100 crores bungalow at Alibaugh, Mumbai, which was constructed illegally