Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India.
Most wanted man diamantaire Nirav Modi, who is wanted in the multi-crore Punjab National Bank fraud in India, is living in a luxurious apartment situated in London’s West End and running a diamond business.
Video released by a UK-based newspaper on Saturday shows Modi, apparently sporting a jacket made from “Ostrich hide” which costs “at least £10,000” (over Rs 9 lakh), answering “no comment” to every question posed by the reporter.
Nirav Modi is living in a “three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, with views across London”, likely to be rented at around £17,000 (Rs 15 lakh), the report stated.
Viewing highly placed sources in UK government, Modi was provided with a ‘National Insurance Number’ by the Department for Work and Pension which allows him to operate online bank accounts in the country while still being on a wanted list in India. When asked about this, Modi replies: “No comment”.
Both Modi and his maternal uncle Mehul Choksi are being investigated by Indian investigating agencies after the PNB reported that it had been cheated of Rs 13,600 crore through fraudulent issue of letters LoUs and foreign letters of credit (FLCs).
Both left India in January 2018, a few weeks before the scam was unearthed. Modi is in the UK, Choksi has become a citizen of Antigua and Barbuda and is learnt to be residing there.
Source: https://indianexpress.com/article/india/nirav-modi-video-london-pnb-scam-5617790/
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