Nehal Modi, the brother of fugitive businessman Nirav Modi, has been arrested in the United States and is facing extradition to India. His arrest on July 4 has brought renewed attention to the infamous Punjab National Bank (PNB) scam, a financial scandal that shook India’s banking sector. Nehal Modi is accused of being involved in money laundering and criminal conspiracy related to the scam, which reportedly involved fraudulent transactions amounting to Rs 13,000 crore. Specifically, he is alleged to have siphoned off Rs 6,498 crore. The PNB scam, one of India’s largest financial frauds, involved the issuance of unauthorized letters of undertaking by bank officials, which were used by Nirav Modi and his associates to obtain loans from overseas banks. Nehal Modi’s role in this complex web of deceit has been under scrutiny as investigators seek to unravel the full extent of the conspiracy. Nehal’s extradition hearing is scheduled for July 17, 2025. During this hearing, US prosecutors are expected to present their case against granting him bail, arguing that he poses a flight risk due to his international connections and the serious nature of the charges against him. The outcome of this hearing will be closely watched by both Indian and international observers, as it could have significant implications for the ongoing efforts to bring those responsible for the PNB scam to justice. The arrest and potential extradition of Nehal Modi highlight the challenges faced by law enforcement agencies in tackling cross-border financial crimes. It also underscores the importance of international cooperation in addressing such issues. As the legal proceedings unfold, they will likely continue to capture public attention and serve as a reminder of the far-reaching consequences of financial misconduct.