PNB fraud: Fugitive diamond merchant Nirav Modi arrested in London, to be produced in court
Mar 20, 2019, 15:48 IST
| NATIONAL | March 20, 2019:
The main accused in the Rs 14,000-crore Punjab National Bank fraud
Nirav Modi, a fugitive diamond merchant was arrested in London, according to a Times Now report.
Nirav was arrested by the Scotland Yard and will be produced in Westminster Court at around 3:30 pm, following which he is expected to seek bail.
The publication mentioned that the visa was issued to the beleaguered diamond merchant on his Indian passport.
Since January 2018 he had been on the run from India. A case has been filed by the Enforcement Directorate (ED) declaring him as an economic offender under a new law which was enacted in the year 2018.
Source: TN