Nirav Modi arrested in London, bail plea rejected as court remands him in custody till 29 March

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The Enforcement Directorate on Wednesday said that the fugitive Gujarti businessman Nirav Modi had been arrested in London. This was just days after a London-based newspaper had tracked him down in the British capital, where he’s believed to have started a new diamond business.

Nirav Modi

Nirav Modi, also referred to as NiMo or Junior Modi, was later produced before a local court later today. A court in London had issued an arrest warrant against NiMo after the ED requested the British government for his extradition.

The London court later rejected his bail plea and remanded him in custody till 29 March. He had told the court that he his ‘keenness to fully cooperate and pay tax.’

Former Jammu and Kashmir Chief Minister Omar Abdullah said that the credit for Nimo’s arrest should go to London’s The Telegraph newspaper. He wrote, “It’s amusing to see the BJP falling over itself to credit the PM with the Nirav Modi arrest while completely ignoring the fact that it was The Telegraph of London & it’s correspondent who found Nirav Modi, not the PM & his agencies.”

He is accused of defrauding the Punjab National Bank with his uncle Mehul Choksi of Rs 13,000 crore before fleeing India last year.

 

More to follow

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