Diamantaire Nirav Modi arrested in London

London/New Delhi, March 20 (IANS) Fourteen months after he fled India, fugitive diamantaire Nirav Modi was on Wednesday arrested in London on charges of defrauding on a huge loan taken from the Punjab National Bank (PNB), official sources said.

Police made the arrest seven days after the London Westminster Court issued an arrest warrant against Nirav Modi who left India days before the scam came to light in January 2018.

He will be produced before a court later in the day.

The Interpol had issued a Red Corner Notice against Nirav Modi in July 2018 at the request of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).

The businessman's whereabouts were a mystery as he had been spotted in New York, Hong Kong and other cities. Along with his uncle Mehul Choksi of Gitanjali Group, Nirav Modi left the country before the CBI formally started investigating the PNB scam.

The ED had on May 24 and 26 last year filed chargesheets against