Bollywood stars has been arrested in London over his alleged involvement in a $ 2 billion banking fraud scandal.
Nirav Modi was detained Tuesday in central London at the request
Modi is set to appear at London's Westminster Magistrates' Court for a bail hearing later Wednesday.
Modi is wanted in India over allegations he defrauded the state-run Punjab National Bank.
Punjab National Bank, according to Reuters, claims that two jewelry groups operated by Modi and his Uncle, Mehul Choksi, defrauded it by working with rogue staff.
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Both Modi and Choksi fled the country before details of the case emerged, and have denied wrongdoing, Reuters added.
Interpol issued a "red notice" for Modi's arrest last year, as well. This month, Britain's Daily Telegraph said it had tracked down to a luxury apartment in London's Center Point Tower.
The Associated Press contributed to this report.