Nehal Modi, brother of fugitive Nirav Modi, has been arrested in the US on India’s extradition request over the Rs 13,000 crore PNB scam.
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Nirav Modi’s brother, Nehal Modi, was arrested in the US on the CBI, ED’s extradition request, news agency PTI reported. Nehal Modi was taken into custody on Friday, US authorities have informed India, officials said. The move came on an extradition request jointly submitted by the ED and the CBI.
Who Is Nehal Modi and What Was His Role In the PNB Scam Case?
Nehal Deepak Modi, 46, was arrested in the United States on India’s request in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud — one of the biggest financial scams in the country’s history. The extradition proceedings initiated by US prosecutors are based on two charges: one count of money laundering under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, and one count of criminal conspiracy under Sections 120-B and 201 of the Indian Penal Code.
Nehal, brother of fugitive diamantaire Nirav Modi, is accused of playing a key role in laundering illicit proceeds and helping conceal funds through a network of shell companies and foreign transactions. Officials said he is also wanted for destruction of evidence and aiding Nirav Modi “knowingly and intentionally” in his alleged criminal activities.
