Nirav Modi: Billionaire jeweller Nirav Modi flees to UK, claiming political asylum: Report | India News
Britain’s Residence Workplace stated it doesn’t present info on particular person circumstances.
Nirav Modi couldn’t be contacted by Reuters for touch upon the FT report.
Punjab Nationwide Financial institution, the nation’a second-largest state-run financial institution, stated earlier in 2018 that two jewelry teams headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by elevating credit score from abroad branches of different Indian banks utilizing unlawful ensures issued by rogue PNB employees at a Mumbai department over a number of years.
Nirav Modi is in London making an attempt to say asylum from what he calls “political persecution”, the FT reported.
Ministry of exterior affairs advised the FT that the federal government was ready for legislation enforcement companies to strategy them earlier than pushing for an extradition, which had to this point not occurred. The ministry didn’t reply to a Reuters request for remark outdoors common working hours.
The Centre is already looking for the extradition of liquor and aviation tycoon Vijay Mallya over unpaid loans to his defunct Kingfisher Airways after the businessman and co-owner of the Components One Power India group moved to Britain in March final yr.
Police filed prices towards greater than 25 folks in Could together with Modi, Choksi, former PNB chief Usha Ananthasubramanian, two of the financial institution’s government administrators and three firms belonging to Nirav Modi.
Modi and Choksi have denied any wrongdoing.
Final month, senior executives on the financial institution have been accused by the police, in a chargesheet filed in courtroom, of deceptive the central financial institution in late 2016 over the lender’s dealing with of the monetary messaging system and credit score ensures that have been on the centre of the fraud.