Fugitive businessman Nirav Modi has been arrested in London. The arrest comes 17 months after the fugitive buinessman Nirav Modi fled India. Nirav Modi is accused of defrauding the Punjab National Bank of to the tune of over Rs 13,000 crore. Modi will be eligible to appeal for bail and most likely, he will be granted conditional bail. Nirav Nodi was spotted roaming the streets of London.