Nirav Modi Arrested in London: What Next For the Diamantaire?

Now that Nirav Modi has been arrested what will happen to him next? The Quint’s legal editor explains.

After diamond tycoon Nirav Modi’s arrest in London, what could happen next to the man who allegedly committed fraud to the tune of Rs. 11,300 crores.

(Photo: The Quint)

Hold the presses. Drop EVERYTHING you’re doing. Nirav Modi has been arrested in London!

On this breaking news edition of The Big Story podcast we’re diving into diamond tycoon Nirav Modi’s arrest in London and what could happen next to the man who allegedly committed fraud to the tune of Rs 11,300 crores.

Modi’s crimes are covered under The Fugitive Economic Offenders act among other laws. The law was made for men like Nirav Modi and Vijay Mallya – people who have been accused of fraud worth more than Rs 100 crore and who have suddenly and conveniently vanished from the country.

Click on this player to listen to what could happen next.

Get all the latest updates on Nirav Modi’s arrest here.