Nehal Modi, Brother of Nirav Modi, Arrested in US in PNB Fraud Case

Nehal Modi, the younger brother of fugitive businessman Nirav Modi, was arrested in the United States. This arrest happened after India’s Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) requested his extradition. The agencies want Nehal Modi to face charges in the Punjab National Bank (PNB) fraud case.

Nehal Modi is a Belgian citizen. He has been linked to the ongoing investigation against Nirav Modi. Nirav Modi is accused of leading a massive fraud at Punjab National Bank. This scandal shocked India’s banking system and caused losses worth billions of rupees.

According to officials, Nehal Modi is suspected to have helped in hiding assets or supporting his brother’s illegal activities. The CBI and ED are working to bring him to India for further questioning and trial.

This is an important development in the PNB fraud case, as Nirav Modi remains a fugitive. Indian authorities hope that Nehal Modi’s arrest will lead to more information about the scam and help recover stolen money.

The US law enforcement agencies cooperated with Indian authorities in this case. Nehal Modi’s arrest comes after months of investigation and coordination between countries.

The PNB scam has involved several people and companies. It has been called one of the biggest financial frauds in India’s history. Both the CBI and ED are committed to making sure all accused persons face justice.

More updates about Nehal Modi’s case and the ongoing investigations are expected soon.