Nirav Modi Spotted In UK, Has Started New Diamond Business: Report

March 09, 2019 12:27
Nirav Modi Spotted In UK, Has Started New Diamond Business: Report

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Nirav Modi Spotted In UK, Has Started New Diamond Business: Report:- One of the prime accused in the Punjab National Bank scam in India and wanted diamond trader Nirav Modi has been tracked down to an 8-million pound apartment in London’s luxurious locality West End by The Daily Telegraph.
An interview and a video with the wanted diamantaire published early Saturday in the British newspaper revealed that Modi has also started a new diamond business in Soho.

The newspaper headlined its piece 'Exclusive: India's most wanted man Nirav Modi - accused of £1.5 billion fraud - living openly in London’.

The video shows Nirav Modi sporting a handle-bar mustache and wearing an expensive jacket, repeatedly saying “no comments” to a series of questions put to him by the newspaper's reporter, including whether he has sought asylum in the United Kingdom.

Modi is the subject of an extradition request by India, along with an Interpol Red Corner Notice being issued for the PNB scam accused.

Modi is the prime accused in the Rs 13,000 crore PNB fraud, along with his uncle Mehul Choksi. Choksi was granted citizenship of Antigua and Barbuda on January 15, 2018, while Modi is in London.

Both Modi and Choksi left India in January earlier this year before the PNB scam came out in the public. The duo has not returned to India despite repeated summons from probe agencies and courts.

"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 townhouse in Soho, just a few hundred yards from his Centre Point home," The Daily Telegraph said.

The newspaper, quoting government sources, also reported that Modi has been given a national insurance number - needed to legally work in the United Kingdom - and has been operating bank accounts online while being wanted by India.

"He has also been in contact with a wealth management company based in west London, which specializes in advice to rich foreigners. 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," The Daily Telegraph said.

When confronted by the newspaper, Modi refused to comment if he has been granted political asylum in the United Kingdom or whether he is still trading in diamonds. "Sorry no comment," he said, before walking across the road, dressed in a GBP 10,000 black Ostrich hide jacket.

On Friday, the PNB scam accused's bungalow in Alibag at Raigad district in India was demolished by the authorities on orders of the Bombay High Court for violation of Coastal Regulation Zone (CRZ) norms.

By Sowmya

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Nirav Modi  United Kingdom