London, Mar 18 (IBNS): The Westminster Magistrates Court in London has issued an arrest warrant against billionaire diamond merchant Nirav Modi, who is wanted in India in the Rs 13,600 crore PNB scam, media reports said.
The 48-year-old, who is living in London, can be arrested any time after the warrant is issued.
Modi's arrest can enable the start of a trial at the UK court, which can also decide whether to extradite him to India.
After disappearing for several months, a video published by UK newspaper The Telegraph earlier this month showed him walking the streets of London.
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India's historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ
— The Telegraph (@Telegraph) March 8, 2019
According to the report, Nirav Modi has started a new diamond business in Soho, a part of the posh West End area in London.
The Indian authorities, however, said they knew Modi was in the UK and had already started the process of his extradition to India.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
