• News
  • World Media

Indian diamond billionaire on the run found in London's West End

Indian diamond billionaire on the run found in London's West End

A video released by a British daily shows Nirav Modi, the prime accused in the multi-crore PNB fraud, living in a luxury flat near Oxford Street and has reportedly started a new diamond business in Soho.

Fugitive billionaire Nirav Modi is lavishly living in the open in London, despite being wanted back home for an alleged £2bn ($2.6bn) scam against India's Punjab National Bank (PNB), the Telegraph has reported, after tracking down the elusive businessman.

The ED and the CBI are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed previous year.

Separately, he is being sued in the State of California for defrauding 4.2 million dollars from Los Angeles entrepreneur Paul Alfonso; in October 2018, Modi sold two custom diamond engagement rings to Alfonso that turned out to be lab diamonds.

The daily said it had tracked him down to a three-bedroom apartment, which occupies half of a floor at the landmark Centre Point tower block, in London's West End. He was wearing a jacket made of ostrich hide, costing at least £10,000 (Rs 9.1 lakh) when a reporter tried to talk to him. He refused to comment to any of posers put forth by The Telegraph correspondent.

Modi and his uncle Mehul Choksi had fled India after being accused of defrauding the Punjab National Bank for Rs 13,000 crore in January previous year.

The Ministry of External Affairs (MEA) also acknowledged that India is aware of Modi's presence in London and is taking all necessary steps for his extradition. This firm was incorporated in May previous year and is linked to the flat.

Britain's Department of Work and Pensions has also granted the businessman a National Insurance number, The Telegraph reported quoting unidentified government officials.

The Telegraph wrote: "Modi appears to have adopted a surprisingly nonchalant attitude to his fugitive status, walking his small dog each day between his apartment and the diamond company's office in a town house in Soho, just a few hundred yards from his Centre Point home".

"Kumar said that the ministry has been aware of his presence in the United Kingdom and the extradition request is under the consideration of the United Kingdom government". "It is not clear why the British government has given him a national insurance number and yet has apparently failed to act on the Interpol red notice".

What is an Interpol red notice?


Leave Your Comment

Leave Your Comment

Latest News

Breaking News


Pelosi Now BACKS Omar, Says Comments Were Not 'Intentionally Anti-Semitic'

Hoyer said that, despite the delay, the resolution was still being discussed but might not come up for a vote this week. Vargas on Wednesday brushed off the online clash: " She could have come down the hall and asked me what my opinion is".

'Captain Marvel' advance ticket sales top 240,000 in S

Anna Boden and Ryan Fleck direct a screenplay they co-wrote with Meg LeFauve, Nicole Perlman, and Geneva Robertson-Dworet. It's action-packed and also a lot funnier than I expected it to be. " Captain Marvel " is fun but it's not flawless .

Donald Trump Treats North Dakota State Football To Fast Food Feast

Stay with Valley News Live as we bring you LIVE reports from the White House. The team was scheduled to attend a luncheon with Sen. Trump called them a tremendously talented team.

Trump says congress grilling of Cohen contributed to summit 'walk'

Adam Schiff, D-Calif., chairman of the House Intelligence Committee, took issue with Bolton's response. I give my advice to the president.

California Flooding Forces Mass Evacuations, Leaves Towns Under Water

The river was 13 feet above flood stage by Wednesday evening, and county officials issued an emergency declaration. A flood warning and a flood watch are in effect Wednesday for parts of the area, the weather service said.

Yup, [SPOILER] Dies In Dark Phoenix, Plus More Deaths To Come?

Smith continues, as we see a shot of a very concerned Professor X ( James McAvoy ) staring at a levitating, glowing Jean Grey . So even if Disney wasn't buying Fox , this was likely going to be the end for this younger iteration of the X-Men anyway.

Pakistan, India say shot down each other's warplanes

Pakistan denies this, saying the attack was a failure and no one died, with bombs dropped on a largely empty hillside. During the talk, he spoke on the repercussions of a nuclear war between Pakistan and India.

Iran's Rouhani rejects Foreign Minister Zarif's resignation

US Secretary of State Mike Pompeo had tweeted that it made no difference to Washington , whether Zarif stays or goes. In his Instagram post , Zarif offered a vague "apology" for his "inability to continue" his service.

What is the disturbing 'Momo Challenge' - and why is it resurfacing?

It adds that "as a parent, it's hard to spot these videos as the harmful content doesn't appear until partway through the video". Trends and viral challenges can be tempting for children to take part in; no matter how unsafe or scary they seem.

India shoots down Pakistani fighter jet after own aircraft downed

Asif Ghafoor, the director general of Pakistan Inter-Services Public Relations, had for his neighbors in India on Tuesday evening. Indian officials said three Pakistani jets had also entered Indian airspace, before being intercepted and forced turned back.