<h1>Fugitive diamantaire's brother arrested after prison sentence for $2.6 million diamond fraud scheme</h1> A fugitive diamantaire's brother was arrested by US authorities immediately after completing a three-year prison sentence for cheating. The individual had been convicted of grand larceny for fraudulently obtaining diamonds worth over $2.6 million through false representations about a deal with a major retailer. Indian agencies, including the investigative bureau, coordinated with US authorities for the arrest following an Interpol Red Notice issued in 2021. The person is wanted in India for allegedly facilitating a major banking fraud worth approximately Rs 13,000 crore, involving destruction of evidence and money laundering through shell companies. Extradition proceedings are scheduled for mid-July.