London | Recent reports have surfaced that PNB scam accused fugitive Nirav Modi has been arrested in London. He will be produced in the court later today.
On Monday, a London court had issued an arrest warrant against jewellery designer Nirav Modi, the main accused in the USD 2 billion PNB scam case, in response to an ED request for his extradition in a money laundering case.
Modi, 48, was living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block in London, where rent is estimated to cost 17,000 pounds a month, The Telegraph newspaper of the UK had reported.
Modi had been charge-sheeted by both the agencies and the ED has also attached his assets worth Rs 1,873.08 crore under the Prevention of Money Laundering Act (PMLA), and has also seized assets linked to him and his family worth Rs 489.75 crore.
More information awaited.
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