Jeweller Nirav Modi Flees To UK, Claiming Political Asylum

6/11/2018 4:40:11 PM
written By : Team India Se Print

Nirav Modi, the billionaire jeweller charged in a more than a $2 billion fraud case, has fled to the UK, where he is claiming political asylum, the Financial Times reported, citing Indian and British officials.

Britain's Home Office said it does not provide information on individual cases, reported Reuters.

NDTV had reported in May that the jeweller was trying to hire a lawyer to help him get political asylum in the UK.

Punjab National Bank said earlier in 2018 that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by getting loans from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff at a Mumbai branch over several years.

Nirav Modi is in London trying to claim asylum from "political persecution", the Financial Times reported.

The Ministry of External Affairs told the newspaper the Indian government was waiting for the law enforcement agencies to approach them before pressing for an extradition.

India is already seeking the extradition of Vijay Mallya, a liquor and aviation tycoon, over unpaid loans to his defunct Kingfisher Airlines after he moved to Britain in March last year.

The Central Bureau of Investigation (CBI) filed charges against more than 25 people in May including Nirav Modi, Mehul Choksi and former Punjab National Bank chief Usha Ananthasubramanian.

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