<h1>Fugitive diamantaire's brother arrested after US prison term for $2.6 million diamond fraud scheme</h1> A fugitive diamantaire's brother was arrested immediately after completing a three-year US 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 authorities coordinated with US agencies to ensure arrest upon release, as an Interpol Red Notice and extradition request were pending since 2021-2022. The suspect is wanted in India for allegedly facilitating a Rs 13,000 crore banking fraud involving fraudulent letters of undertaking, evidence destruction, and money laundering through shell companies. An extradition hearing is scheduled for July 17.