Nirav Modi, the fugitive diamond merchant’s most dreaded day has arrived as the UK’s Westminster Magistrates Court has issued an arrest warrant against him. Sources say, the warrant was issued last week but India was informed about it on Monday. The arrest is yet to be made.
According to various reports, Modi is likely to be arrested this week. However, sources say that the 48 year old jeweller seems to be on the run as he has changed his base within the UK thrice in a short span of time. Two weeks ago, The Daily Telegraph revealed that Modi was living openly in the heart of London, owning a luxury apartment and running a new diamond business.
Last week, the Enforcement Directorate (ED) filed a supplementary charge sheet against those involved in the PNB fraud case. The ED has also charged Ami Modi, the Nirav Modi’s wife, with laundering millions of dollars through her bank account to purchase an apartment in London.
The case relates to Nirav Modi and Gitanjali Gems which was started in a fraudulent manner in 2011. Mehul Choksi who is Nirav Modi’s uncle is also involved in the PNB scam. His passport was revoked in February of 2018. He was last seen in Antigua in the Caribbean. It was last reported that he took oath of allegiance in Antigua on January 15, 2018 and can now enjoy visa-free travel to 132 countries, including the UK and countries of the Schengen area.
In July of 2018, Choksi had said he fears mob lynching if he is brought back to India. In an application before the special PMLA court, he claimed that he faces a threat to his life, not only from his former employees and debtors, but also from jail staff and inmates.
Modi and Choksi are indicted of the Rs 13, 500 crore Punjab National Bank fraud case, the biggest scam in India’s banking history.