💥 Nehal Modi Arrested in US! 😱 Big Twist in ₹13,500 Crore PNB Scam Saga! 🇮🇳
- MediaFx
- Jul 5
- 2 min read
🚨 TL;DR: 🇮🇳 Nehal Deepak Modi, brother of fugitive diamantaire Nirav Modi, was arrested in the U.S. on July 4, 2025, following an extradition request by India’s CBI and ED. He faces charges of money laundering and criminal conspiracy tied to the ₹13,500 crore PNB scam. Extradition hearings are due on July 17. This arrest marks a big win for Indian authorities in the long-running fraud saga.
🔍 The Full Scoop
Who got arrested?Nehal Deepak Modi, 46, Belgian citizen and younger brother of Nirav Modi, was detained on July 4 in the U.S., acting on a Red Corner Notice from Interpol following an extradition plea by India’s CBI and ED.
What’s he accused of?He’s facing charges under the PMLA for money laundering and IPC sections 120-B & 201 for criminal conspiracy and evidence destruction. Allegedly, he helped Nirav hide and launder crores through shell companies, moved 50 kg gold from Dubai, and spirited away pearls, diamonds, and cash.
How big is the scam?The PNB fraud involves ₹13,500 crore (~US$2 billion). Of this, Nirav siphoned ₹6,498 crore and their uncle Mehul Choksi ₹7,080 crore.
What’s next?Nehal returns to court on July 17. He’s expected to apply for bail, but U.S. prosecutors vow to oppose it.
Why it matters:This is another win in India’s efforts to repatriate fugitives. Nirav Modi’s extradition in the UK is still stalled by a “confidential impediment,” and Mehul Choksi recently got arrested in Belgium .So bringing Nehal back strengthens India’s case and sends a message: no hiding place for the corrupt.
🏛️ Breaking Down the Background
The PNB fraud was exposed in Feb 2018 via fake Letters of Undertaking (LoUs). It was the largest banking scam in India’s history.
Nirav Modi was arrested in London in March 2019 on extradition grounds but remains imprisoned due to UK legal hurdles.
Mehul Choksi was caught in Belgium in April 2025 following India’s extradition applications.
✊ MediaFx People’s Opinion
This arrest is a win for the working-class people, not the plutocrats who looted resources meant for public welfare. It shows that collective struggle—through the CBI, ED, and people-powered pressure—can corner even the most powerful. India must continue fighting until every rupee stolen is returned, and every exploitative elite is held accountable. 💪
💬 What You Think?
Drop your thoughts below—do you think this arrest will speed up Nirav Modi’s and Choksi’s justice? Or is it just another episode in a long saga? 🔥
