The US Department of Justice gave India information-American justice department informed Indian officials that Nehal Modi’s arrest has been officially due to India’s extradition demand. This demand was jointly made by ED and CBI. According to the complaint of the prosecution filed in the US, the extradition proceedings against Nehal Modi have been based on two allegations. First-Money Laundering (Under Section 3 of Money Laundering Act, 2002) and second-Criminal conspiracy (under Section 120-B and 201 of the Indian Penal Code)
Nehal Modi was wanted in the PNB scam case in India. It is counted among the biggest banking scams in the history of the country. Investigation of CBI and ED has revealed that Nehal, with the help of his brother Nirav Modi, set up illegal money through shell companies and international transactions. Nehal is accused of hiding and transferring abroad, which clearly violated India’s money laundering and economic crime laws.
Who is Nehal Modi?
Nehal Modi is the brother of Nirav Modi, an alleged Rs 13,600 crore fraud bank transaction case in Punjab National Bank (PNB). Earlier a red notice was issued against Nehal Modi in 2019. Nehal Modi, 46, is a Belgium citizen. Nehal Modi is a wanted in the Punjab National Bank (PNB) fraud case. It is one of the biggest banking scams in the history of the country. In the investigation conducted by the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI), Nehal Modi found an important man working to legalize Nirav Modi’s criminal income. Nirav Modi is facing extradition action from Britain.
Nehal Modi is accused of helping his brother Nirav Modi in the fraud in the PNB scam. Earlier, the ED had found in its investigation that Nehal helped Nirav “deliberately and deliberately” to hide the alleged money laundering and “destroy the evidence”. Giving details of Nehal’s role, the ED’s complaint stated, “After a scam of Rs 13,600 crore in Punjab National Bank, Nirav Modi’s brother Nehal Modi destroyed all cell phones of directors of dummy companies in Dubai and Hong Kong and arranged for tickets to help Nirav Modi’s Kairo (Safe Heaven).”
How did Nehal help Nirav Modi?
According to media reports, Nirav Modi had formed more than 15 dummy companies abroad, so that the amount received through the letter of undertaking (LOU) from PNB can be allegedly “under the guise of export-uttered transactions”. The agency identified at least 17 dummy directors of these companies. All these are employees or former employees of companies of Dummy Director Nirav, who used to get salary of Rs 8,000 to 30,000 per month to provide their services.
Relying on the statements of two witnesses, including a dummy director, the ED had said that Dummy Director wanted to return to India after the scam in PNB. But he was persuaded to stay there. Nehal went to Dubai and led the case and destroyed all the mobiles of the dummy company managers/directors. The ED had alleged in his prosecution complaint against Nirav in the court that Nehal was personally seeing that all accounts, records had been destroyed. He was impressing the employees and destroying the evidence after the Indian agencies started investigating the scam “.
Allegations of stealing 50 kg of gold, cash and 150 boxes pearls
The ED has also alleged that Nehal has stolen about 50 kg of gold from Nirav’s Dubai -based company, as well as cash and 150 boxes from Hong Kong. The ED has claimed that Nehal is the director of two companies, who received Rs 335.95 crore from Nirav’s dummy companies. In 2019, Interpol also issued a red notice against Nirav and his sister East Modi Mehta. Nirav Modi is currently in the UK jail, facing allegations of extradition in connection with the PNB scam.
Next hearing date 17 July
Nehal is alleged to have violated Indian laws and assisted in hiding and transferring huge amounts of illegal money through a network of shell companies and foreign transactions. The next hearing date for extradition proceedings has been fixed on 17 July 2025. He can apply for bail during this period, which the US prosecution has said to protest.
