The diamond trader Neerav Modi, the main accused in the scam of more than Rs 13,000 crore in Punjab National Bank, could soon be arrested.
According to the news agency London’s Westminster Court has issued an arrest warrant against Neerav Modi on the request of India’s Enforcement Directorate (ED) on the extradition of Neerav Modi.
Indian agencies have long been trying to extradite Nirav Modi from Britain. The CBI requested Interpol and UK authorities who issued a Red Corner notice against Neerav demanding immediate arrest.
Seized assets of Rs 4765 crores till now
According to the ED, properties of Nirav Modi and his uncle Mahul Choksi worth about Rs 4,765 crore have been seized so far in the country and abroad. Of these, Nirav Modi and his companies account for Rs 2215.11 crore, including bungalow, gold, diamond, gold-silver bricks, jewelery and other valuables including commercial properties.
Choksi is also absconding in this case and currently the refugee of the Caribbean country in Antigua, from where the Indian government is trying to extradite him.