Fugitive Nirav Modi's brother Nehal arrested in US; wanted in PNB scam case

Nirav Modi's member Nehal Modi, who is besides implicated successful the PNB scam case, has been taken into custody successful the USA pursuing extradition requests submitted by the ED and CBI connected counts of wealth laundering and transgression conspiracy.The member of fugitive economical offender Nirav Modi was arrested by US authorities connected July 4, according to accusation fixed by the United States Department of Justice. The apprehension occurred pursuant to an extradition petition jointly submitted by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).According to the ailment filed by the US prosecution, extradition proceedings are being pursued connected 2 counts: 1 number of wealth laundering nether Section 3 of the Prevention of Money Laundering Act (PMLA) 2002, and 1 number of transgression conspiracy nether Sections 120-B and 201 of the Indian Penal Code (IPC).Nehal Modi is sought by Indian authorities successful transportation with the multi-billion-dollar Punjab National Bank (PNB) fraud case, 1 of the largest banking scams successful the nation’s history. Investigations conducted by the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) identified Nehal Modi arsenic a cardinal fig successful laundering transgression proceeds connected behalf of Nirav Modi, who is besides facing extradition from the UK.

Nehal is alleged to person assisted successful concealing and transferring important illicit funds done a web of ammunition companies and overseas transactions, violating Indian laws. The adjacent proceeding day for the extradition proceedings is scheduled for 17 July 2025, erstwhile a presumption league volition beryllium held. He whitethorn use for bail during this session, which the US prosecution has stated it volition oppose.