Nirav Modi arrested in London, to appear in UK court today

Nirav Modi is the main accused in the $2-billion Punjab National Bank (PNB) scam case

Nirav Modi, the main accused in the USD 2 billion PNB scam case, has been arrested in London, Scotland Yard said Wednesday, in a major boost to India's efforts to bring back the fugitive diamantaire.

The arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering case.

"Nirav Deepak Modi, (Date of Birth 24.02.71), was arrested on behalf of the Indian Authorities on Tuesday, 19 March, in Holborn," the Metropolitan Police said in a statement.

"He will appear in custody at Westminster Magistrates' Court