A billionaire Indian diamond trader, whose jewellery was worn by the likes of model Rosie Huntington-Whiteley and actress Priyanka Chopra-Jonas, has been arrested in the UK.

Axar.az reports citing foreign media.

Nirav Modi is wanted for his alleged role in India's largest bank fraud, totalling some $2bn (£1.5bn).

He left the country in early 2018, and has not returned to India since.

Mr Modi, 48, was arrested in central London on Tuesday, and appeared in court on Wednesday.

Police said the arrest had been made on behalf of the Indian authorities, who have asked for his extradition.

The judge at Westminster Magistrates Court refused to grant him bail and he has been remanded in custody until 29 March.

Mr Modi's case was thrust back into the limelight after a British newspaper found him living in an £8m ($10.5m) London flat.

The Telegraph newspaper spoke to him near the Oxford Street apartment in early March 2019. It is thought Mr Modi - who disappeared in February 2018 - had reportedly been in the British capital since at least June.

Within days, officials confirmed that UK Home Secretary Sajid Javid had certified India's extradition request, initially made last August.

The arrest comes at an interesting time in India, where people will start voting for their new MPs in the next few weeks. A successful extradition could boost the ruling BJP's standing in the polls.