Nirav Deepak Modi is a businessman, wanted by the Interpol for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract since August 2018

India on Thursday welcomed the arrest of bank fraud accused Nirav Modi by British authorities in London, and said it was engaged with the UK for his extradition at the earliest.

Ministry of External Affairs (MEA) Spokesperson Raveesh Kumar said, “We have continued to actively follow up with the UK on the matter of Nirav Modi’s extradition”.

The arrest of Nirav Modi, the main accused in the $ 2 billion Punjab National Bank (PNB) scam case, comes days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate (ED) for his extradition in a money laundering case.

In early March, Nirav Modi was seen walking in London by a reporter of British newspaper The Telegraph. In a two-minute clip shared by the newspaper, the billionaire, was seen wearing a much-talked about expensive ostrich hide jacket and repeatedly said “no comments”.

Stay tuned for more updates!