Nirav Modi's brother Nehal arrested in US on CBI, ED extradition request
Nehal Modi was taken into custody on Friday, and US authorities have formally informed India of the development, officials told PTI. The next hearing in the matter is scheduled for July 17, when Nehal is likely to seek bail. However, the US prosecutors are expected to oppose the bail plea.
The extradition proceedings against Nehal Modi were initiated based on two charges: one count of money laundering under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, and one count of criminal conspiracy under Sections 120-B (criminal conspiracy) and 201 (causing disappearance of evidence) of the Indian Penal Code.
Nehal Modi, 46, is a key accused in the Rs 13,000 crore Punjab National Bank (PNB) fraud case, one of the largest banking frauds in India, allegedly orchestrated by Nirav Modi, Nehal Modi, and their uncle Mehul Choksi.
Born and raised in Antwerp, Belgium, Nehal Modi is fluent in English, Gujarati, and Hindi. He is wanted in India for allegedly laundering proceeds of crime on behalf of his brother Nirav Modi, who is currently lodged in a London prison and facing extradition proceedings to India.
It is alleged that Nehal played a crucial role in concealing and transferring large sums of illicit funds through a network of shell companies and complex overseas transactions. The ED has named him in its charge sheet and accused him of destruction of evidence and of "knowingly and intentionally" assisting Nirav Modi in his alleged illegal activities.
The ED also alleged that after the PNB fraud was exposed, Nehal Modi, along with Nirav's close aide Mihir R Bhansali, allegedly transported 50 kg of gold and substantial amounts of cash from Dubai. They also reportedly instructed dummy directors not to reveal Nehal's name to the authorities.
(With inputs from PTI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
28 minutes ago
- New Indian Express
BBMP spends Rs 1.48 crore on caste survey so far, Rs 70L on stickers alone...
BENGALURU: Has BBMP spent a whopping Rs 1.48 crore on the survey of SC population in its limits so far? Yes, according to sources in the Palike. It has spent Rs 70 lakh on stickers alone and Rs 28 lakh on raising awareness on the survey through social media platforms. According to Suralkar Vikas Kishore, nodal officer, the projected estimation for stickers, distribution of pamphlets and engaging workers is Rs 1.75 crore. The survey cost may touch Rs 3 crore by the time it is completed. BBMP has launched an elaborate campaign to raise awareness on the survey of SC population through street plays, short films, social media, IEC and other platforms, Kishore said. Sources in the BBMP said that it cost Rs 28 lakh to register 60 lakh views for its two short films on Facebook, YouTube, Instagram and other social media platforms. 'Including 18% GST, the palike's spending will be around Rs 49,56,000. It cost Rs 12 lakh to the Palike to hire a camera, cameraman, scriptwriters, voice-over artistes and music,' according to a source. However, many have expressed their reservation over the genuineness of the survey, going by the manner in which it is being conducted and money spent. In many places, enumerators have pasted stickers on doors without collecting details from people living in houses. Incidents of clashes between enumerators and occupants of the houses have also been reported. Seven revenue officials, who were part of the survey, have been suspended for dereliction of duty.
Time of India
an hour ago
- Time of India
‘Delete my video': 21-year-old Ahmedabad woman ends life after being blackmailed with private clip; 2 booked for abetment, 1 held
A 21-year-old woman in Ahmedabad tragically ended her life after a personal video of her with an unknown person surfaced. She was emotionally distressed after one of her acquaintance circulated the video. AHMEDABAD: A 21-year-old woman in Chandkheda ended her life by jumping from terrace of friend's house. She was under severe emotional distress after she found a personal video of her with an unknown person. Assistant commissioner of police L Division, D V Rana, said that one M Kakwana has been arrested in this connection. According to the accused, he made the video with the consent of the girl. One more person, H Rabari, is absconding, police said. Chandkheda PI N G Solanki said that the deceased and Makwana were in a relationship for two years. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad "A car belonging to a friend of Makwana was towed away, and he, along with his friend, went to retrieve the car in Kalol, where they met Rabari. Rabari had then took Makwana's mobile and found a nude video of the deceased. He transferred it to his mobile along with the deceased's phone number," said Solanki. A complaint of abetment to suicide was registered on Friday against Makwana and Rabari by the friend of the deceased, who stays in Chandlodia. The complainant met the deceased at a function, and they became close friends. The deceased shared everything with the complainant and informed her that she was in a relationship with Makwana for a long time, and they used to meet frequently. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The complainant stated that on Wednesday, the deceased informed her that someone called her and claimed to have seen a nude video of her and Makwana. "He asked us to come to a hotel if we wanted to see the video. So, my husband, the deceased, and I went to the hotel near Vaishnodevi Circle," the complainant said. The complainant stated that Rabari showed the video and left the place. Later, Makwana sent a WhatsApp message to the deceased stating that he needed Rs 2,500. The complainant stated that the deceased decided to call Makwana, asking him to collect money, and then they would get the video deleted. The complainant stated that the deceased asked Makwana to delete her nude video from his phone, but he refused. Consequently, the deceased called a PCR van and went to Sola police station. "There, in the presence of the police, Makwana deleted the video, and the three of us parted ways." The complainant stated that earlier, Makwana also took Rs 6,000 from the deceased, which she gave him by mortgaging her chain. The chain was mortgaged to a person known to Makwana, the complainant stated. On Thursday, the deceased left for a friend's place and said she would return in the evening, but she did not return until late at night. The cops investigating the case said that on Thursday night, the deceased and the friend were sitting at a cafe in Ranip, and it was about 2am when the deceased wanted to go to Chandlodia. The friend of the deceased refused to let her go and said that his uncle was at home and she should sleep at his residence in a separate room. Later in the morning, the friend found that the deceased was not in her room, and had committed suicide.
India Gazette
an hour ago
- India Gazette
Odisha: Union Minister Dharmendra Pradhan inaugurates, lays foundation stones of Rs 480 cr projects
Koraput (Odisha) [India], July 6 (ANI): Union Education Minister Dharmendra Pradhan on Saturday inaugurated and laid the foundation stone for projects worth Rs 480 crore aimed at boosting the infrastructural development of the Central University of Odisha (CUO) in Koraput district. The ceremony was also graced by Odisha Higher Education Minister Suryabanshi Suraj, School and Mass Education Minister Nityananda Gond, and Koraput MP Saptagiri Sankar Ulaka and Vice Chancellors of the various Universities. At the event, six Memorandums of Understanding (MoUs) were exchanged between leading educational institutions. The collaborations involved IIT Bhubaneswar, NIT Rourkela, NISER Bhubaneswar, IIM Sambalpur, Central Sanskrit University, and Central University of Odisha. These MoUs are expected to strengthen academic ties and promote research and innovation in the region. Further in a post on X Pradhan wrote, 'On the occasion of the holy 'Bahuda Yatra' at 'Shabar Srikhetra' Koraput, @cuokoraput will see the inauguration of a new academic building and various projects, along with the foundation stone laying for three educational buildings worth approximately 480 crore rupees, a 1200-seat auditorium building, a shopping complex, 10 hostels, a guest house, a sports complex, and other projects, bringing joy.' Apart from this, Pradhan also participated in the Bahuda Yatra by pulling the chariot of Goddess Subhadra at Sabar Srikhetra in Koraput district. Odisha Ministers Suryabanshi Suraj and Nityananda Gond, Congress MP Saptagiri Sankar Ulaka, and other senior leaders, and several senior leaders were also present on the occasion. (ANI)
