Latest news with #IndiaTodayTV.Sources
India Today
05-07-2025
- Business
- India Today
Nehal Modi was in US jail for 3 years before arrest in PNB scam: Sources
Nehal Modi, the younger brother of fugitive diamond merchant Nirav Modi, arrested in connection with the multi-crore Punjab National Bank (PNB) scam, was released from a US jail after serving a three-year jail term, sources told India Today said Nehal Modi, a Belgian national, was arrested again on Friday for the offences he had committed in India and after Interpol had issued a Red Notice against Modi, who was taken into custody on Friday, faces two charges - money laundering under Section 3 of PMLA and criminal conspiracy and destruction of evidence, according to a US prosecution complaint. Nirav Modi, his uncle Mehul Choksi, Nehal Modi and others are wanted by the CBI and the Enforcement Directorate (ED) for cheating PNB of about Rs 13,500 crore in loans using fraudulent Letters of Undertaking (LoUs).While Nirav Modi's extradition has already been approved by the UK High Court, the process to bring him to India is being delayed due to him filing numerous appeals. Nirav, who is in a London jail, was declared a fugitive economic offender in this year, the Belgian government said Choksi, 65, was arrested in Antwerp following an extradition request by India. Choksi fled India in 2018 and has been living in Antigua and Barbuda as a citizen since MODI'S CRIMINAL ACTIVITIESAccording to investigative agencies, Nehal Modi knowingly and intentionally participated in assisting the concealment of proceeds of crime, destroying the Modi was personally overseeing all the accounts, records were eliminated and was influencing the employees and participated in destroying the evidence in respect of the money trail. He also dealt with the proceeds of the crime by taking 50 kgs of gold from Firestar Diamond FZE, Dubai after the initiation of an investigation into this the scam broke out, Nehal Modi dealt with the proceeds of the crime in respect of the Nirav Modi case and took away diamonds having a value of USD 6 million and 150 boxes of pearls from Hong Kong and cash of AED 3.5 million and 50 kgs of gold, along with Mihir Bhansali, another coconspirator from Modi destroyed digital evidence (mobile phones and servers) pertaining to the Nirav Modi case in Dubai. He intimidated the witnesses and sent them to Cairo and their passports were taken over at his were forced to sign some false papers in Cairo at his insistence. In one case, a witness was offered Rs 20 lakh by Nehal Modi in lieu of tendering false testimony before the judicial authorities of Indian government officially demanded the extradition of Nehal Modi, on which action has now been taken by the US. It is expected that the process of bringing Nehal Modi to India will begin soon.- Ends
India Today
04-06-2025
- General
- India Today
Parliament's Monsoon Session from July 21 to August 12; first after Op Sindoor
The Monsoon Session of Parliament will be held from July 21 to August 12, according to the recommendations sent by the Cabinet Committee on Parliamentary Affairs to the President, sources told India Today revealed that the government is ready to discuss Operation Sindoor and the Pahalgam terror attack in line with the rules and regulations of the Parliament if the Opposition demands a Affairs Minister Kiren Rijiju has reached out to several Opposition leaders, including those from the Congress, TMC, Samajwadi Party, and DMK, in connection with the impeachment case of Justice Yashwant Verma. This is a developing story. It will be updated.
