Nehal Modi, Brother of Fugitive Nirav Modi, Arrested in US Following Extradition Request by CBI-ED

Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, was arrested in the US on Saturday, July 5, upon extradition request from the CBI and ED, according to reports.

Nehal Modi’s arrest comes five years after he was charged with fraud for allegedly acquiring diamonds worth over $2.6 million from LD Diamonds USA, one of the world’s largest diamond firms based in Manhattan.

The extradition proceedings against Nehal Modi are set to continue on July 17, 2025, with a status conference scheduled for that day. Modi is expected to seek bail during the hearing, a move the US prosecution has already indicated it will oppose.

Sources claim that Nehal Modi acquired diamonds from the company by falsely claiming they were meant for a deal with Costco—a deal that ultimately never materialised. Instead of honouring the payment terms, he allegedly pawned and sold the diamonds for his own financial benefit.

His arrest came after an extradition request by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), who have been probing his involvement in the PNB loan fraud case and $2.6 million fraud case linked to LLD Diamonds USA.

Nehal Modi has also been chargesheeted in the Punjab National Bank (PNB) scam, one of India’s biggest financial frauds, for allegedly helping brother Nirav Modi secure fake credit letters in a multi-billion-dollar scheme.

Along with Choksi, Fugitive diamond trader Nirav Modi also faced legal setbacks in his appeal against extradition to India. The UK High Court ruled on May 17 that sending him to India to stand trial would not breach his human rights.

Meanwhile, a Belgian court also rejected a petition filed by Choksi, in which he challenged his arrest and sought immediate release, citing procedural lapses.

Choksi was taken into custody by Belgian authorities in April after India formally requested his extradition.

Location: United States of America (USA)

According to the source: News18.