Sources at the Indian high commission here say that fugitive diamond merchant Nirav Modi is in Britain and in the vicinity of London. The billionaire jeweller, who is accused of being involved in India’s biggest ever banking fraud, left India on January 1 this year, before the CBI received a complaint from Punjab National Bank (PNB) on January 29.
Since then there have been reports of him being in New York, Hong Kong and Switzerland, but no official word on his whereabouts. Modi and his uncle and business partner, Mehul Choksi, are accused of defrauding PNB of Rs 12,600 crore. A court has issued non-bailable warrants against both men. Modi owns a chain of jewellery shops across the world, one of which is located in Old Bond Street, in London’s affluent Mayfair area.
“We have information that Nirav Modi is in the UK, but we have still not had any confirmation from the home office or the foreign office,” a well-placed source at the Indian high commission told TOI. “We believe he is travelling on forged documents,” he said.
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