Hold the presses. Drop EVERYTHING you’re doing. Nirav Modi has been arrested in London!

On this breaking news edition of The Big Story podcast we’re diving into diamond tycoon Nirav Modi’s arrest in London and what could happen next to the man who allegedly committed fraud to the tune of Rs. 11,300 crores.

Modi’s crimes are covered under The Fugitive Economic Offenders act among other laws. The law was made for men like Nirav Modi and Vijay Mallya – people who have been accused of fraud worth more than Rs 100 crore and who have suddenly and conveniently vanished from the country.

I’m Vishnu Gopinath. We're joined by our legal editor Vakasha Sachdev on this podcast. Tune in.