Nehal Modi, the brother of fugitive diamond merchant Nirav Modi, has been arrested in the United States following a request for extradition from India. This arrest comes as part of the ongoing investigation into the massive Punjab National Bank (PNB) fraud case, where both brothers are implicated. Nehal,who holds Belgian citizenship,was apprehended by U.S. authorities on Friday and presented in court the following day.
The Central Bureau of investigation (CBI) and the Enforcement Directorate (ED) of India had been actively pursuing Nehal Modi, seeking his return to face charges related to the staggering ₹13,000 crore fraud. Reports indicate that his arrest was executed in response to India’s formal request. As the legal proceedings unfold, a hearing is scheduled for july 17, where Nehal may apply for bail. Though, U.S. prosecutors are prepared to contest any bail submission,indicating that the legal battle is far from over. This case continues to draw notable attention, highlighting the complexities of international law and financial crime.
