Overview

• Nehal Modi was arrested on July 4 in the United States after authorities enforced an Interpol Red Corner Notice issued at India’s request.
• He is sought on money laundering allegations under the Prevention of Money Laundering Act and criminal conspiracy charges under Sections 120-B and 201 of the Indian Penal Code.
• A status hearing is scheduled for July 17 during which US prosecutors plan to oppose any bail application.
• Indian investigators allege he laundered proceeds of the ₹13,000 crore PNB scam by routing funds through shell companies and offshore transactions.
• His arrest follows earlier detentions of brother Nirav Modi in the UK and uncle Mehul Choksi in Belgium under coordinated extradition efforts.