Nirav Modi Spotted In London, Started New Diamond Business, India's most-wanted, A video released by a British daily shows Nirav Modi. 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 was seen walking on a street in London's West End by a reporter of the British newspaper The Telegraph.
The UK daily has also released a video of Nirav Modi walking freely on the streets of London. With a handle-bar moustache, longer hair and a jacket, Nirav Modi is not easily recognisable. As he is confronted by the newspaper over allegations levelled against him, Nirav Modi says "no comments" as he continues to smile.
The 48-year-old billionare has claimed he has done nothing wrong and that the Rs 14,000 crore scam was a "civil transaction" which was now being blown out of proportion. The duo has not returned to India since then despite repeated summons from probe agencies and courts.
Nirav Modi and his uncle Mehul Choksi are the prime accused in the Punjab National Bank scam involving fake guarantees in the name of the state-run lender to secure loans overseas. Both left India in January last year before the CBI started investigating the PNB scam. Mehul Choksi now holds the citizenship of Antigua and Barbuda and has cited an illness and threat of mob lynching as reasons for not returning to India.
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India's historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ
— The Telegraph (@Telegraph) March 8, 2019