Nirav Modi, PNB scam, London

Nirav Modi, one of the prime accused in the PNB scam, has been tracked down to be living in a plush home in London, says The Daily Telegraph. The wanted diamond trader is reportedly running a new business too.

Modi is said to be living in an 8-million pound appartment in London’s posh locality West End. He has started a new diamond business in Soho as well. The information was revealed in an interview and video with the diamantaire published by the British newspaper on Saturday.

The headline of the article read: ‘Exclusive: India’s most wanted man Nirav Modi – accused of £ 1.5 billion fraud – living openly in London’.

Meanwhile, in the video, Nirav Modi repeatedly answers “no comments” to a series of questions posed to him by the newspaper’s reporter. He is seen wearing an expensive jacket and sporting a handle-bar moustache.

Modi is the subject of an extradition request by India. An Interpol Red Corner notice has been issued in his name as well. Along with his uncle Mehul Choksi, Modi is accused of 13,000 crore PNB fraud. However, both left the country before the scam came out in public last year.

“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 newspaper wrote.

The Daily Telegraph, quoting government sources, also reported that Modi has been given a national insurance number- needed to legally work in the U.K. – and has been operating bank accounts online while being wanted in India.

On Friday, Modi’s bungalow in Alibag, Maharashtra was demolished by the authorities on orders of the Bombay High Court for violation of Coastal Regulation Zone (CRZ).


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