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Nehal Modi, brother of fugitive diamond businessman Nirav Modi, has been arrested in America. The arrest was made by the US Department of Justice on July 4 on the appeal of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI). It is considered a major step in the developments related to the Punjab National Bank (PNB) scam. Now on July 17, Nehal’s bail will be heard in an American court.
Extradition
Arrest after India’s extradition request
Nehal is arrested after the formal extradition request of the Government of India. The process of extradition is going on in 2 serious allegations against Nehal in the US. The first case is of money laundering. It comes under Section 3 of India’s Money Laundering Act (PMLA) 2002. The second is to try to erase criminal conspiracy and evidence. In 2019, Interpol issued a red corner notice against Nehal.
Blame
What are the allegations against Nehal Modi?
Nehal is accused of joining the PNB scam of Rs 13,600 crore. According to the ED and CBI, it is learned that Nehal helped Nirav in the scam. For this, Nehal took over the work of 2 fake companies of Nirav, through which about 350 crore rupees were made from here to there. Apart from this, he also tried to destroy many documents related to the scam.
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