Sat Jul 05 09:38:45 UTC 2025: Here’s a summary and rewritten news article based on the provided text:

**Summary:**

U.S. authorities have arrested Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, based on extradition requests from India’s Enforcement Directorate (ED) and Central Bureau of Investigation (CBI). Nehal is accused of money laundering and criminal conspiracy related to the alleged ₹13,000 crore fraud involving Punjab National Bank (PNB), orchestrated by Nirav Modi and their uncle Mehul Choksi. He is alleged to have assisted in concealing and transferring illicit funds and destroying evidence. Nehal is currently in U.S. custody with a hearing scheduled for July 17th, where he may seek bail, which U.S. prosecutors are expected to oppose.

**News Article:**

**Nehal Modi, Brother of Fugitive Diamantaire Nirav Modi, Arrested in U.S. Awaiting Extradition Hearing**

**New Delhi – July 5, 2025** – Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been apprehended by U.S. authorities based on extradition requests from India’s Enforcement Directorate (ED) and Central Bureau of Investigation (CBI), officials announced today.

The arrest, which took place on Friday, July 4th, marks a significant step in India’s efforts to bring those involved in the alleged ₹13,000 crore fraud involving Punjab National Bank (PNB) to justice. Nirav Modi, along with his brother Nehal and uncle Mehul Choksi, are accused of orchestrating the massive financial fraud.

Nehal Modi, 46, faces charges of money laundering under the Prevention of Money Laundering Act (PMLA) and criminal conspiracy under the Indian Penal Code. He is accused of assisting Nirav Modi in concealing and transferring illicit funds through a complex network of shell companies and overseas transactions. He is also alleged to have destroyed evidence after the PNB fraud was exposed.

“Nehal Modi is wanted in India for laundering proceeds of crime on behalf of his brother,” stated a source familiar with the investigation. “He played a crucial role in the conspiracy.”

Nirav Modi is currently incarcerated in a London prison, facing his own extradition proceedings to India.

Nehal Modi’s next hearing is scheduled for July 17th, where he is expected to seek bail. U.S. prosecutors are anticipated to oppose his release. The extradition proceedings are being closely followed by Indian authorities as they seek to hold all those responsible for the PNB fraud accountable.

Read More