Nirav Modi flees to UK claiming political asylum: Report

Nirav Modi is in London trying to claim asylum from what he calls 'political persecution'.

Published: 11th June 2018 08:47 AM  |   Last Updated: 11th June 2018 09:26 PM   |  A+A-

Absconding billionaire jeweller Nirav Modi (File photo)

By Reuters

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

Britain's Home Office said it does not provide information on individual cases. Nirav Modi could not be contacted by Reuters for comment on the FT report.

Punjab National Bank, India's second-largest state-run bank, said earlier in 2018 that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by raising credit 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 what he calls "political persecution", the FT reported.

India's ministry of external affairs told the FT the Indian government was waiting for the country's law enforcement agencies to approach them before pushing for an extradition, which had thus far not happened. The ministry did not respond to a Reuters request for comment outside regular working hours.

India is already seeking the extradition of Vijay Mallya, a liquor and aviation tycoon, over unpaid loans to his defunct Kingfisher Airlines after the businessman and co-owner of the Formula One Force India team moved to Britain in March last year.

The Central Bureau of Investigation (CBI) filed charges against more than 25 people in May including Modi, Choksi, former PNB chief Usha Ananthasubramanian, two of the bank's executive directors and three companies belonging to Nirav Modi.

Modi and Choksi have denied any wrongdoing.

Last month, senior executives at the bank were accused by the CBI, in a charge sheet filed in court, of misleading the central bank in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of the fraud.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments(3)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • ashok..s

    UK has ruled this country for 200 years and apart economic gains and killing innocent people in Jallian wall baghand and using Indian soldiers in word wars by Shashi as a retribution
    1 year ago reply
  • Padma Rajasthan

    All modis" Lalithmodi Nirvamodi and Vijay Malkish are all FRAUDS cheating the Indian Government. What our four years ? completed developmental Governments is going to do????? It may ask for another tenure of ruling India ????????!!!!!!!!!
    1 year ago reply
  • Florence Raju

    Who will save innocent lives dying in various ways in India. This man is fleeing for his life ? What discrimination!
    1 year ago reply
flipboard facebook twitter whatsapp