Accused diamond trader battles return to India

A billionaire diamond trader who is wanted in India for a £1.5 billion bank fraud was remanded in custody after his extradition hearing. Nirav Modi, 48, is wanted for his alleged role in the nation’s biggest ever swindle on the state-run Punjab National Bank (PNB). Modi, a jeweller to the stars, was arrested yesterday in Holborn, central London after a Metro bank employee recognised him as a wanted man after he tried to open an account. He was arrested on…