Fugitive diamantaire Nirav Modi, accused in the Rs 13,000 crore Punjab National Bank fraud has been tracked down in London. The UK Telegraph reported that the wanted billionaire has been living openly in London’s West End. He has reportedly started a new business there in Soho.
The publication also had an interview with Modi on Saturday morning. As per the report, Modi is living in a luxury flat worth £8 million (Rs 72 crore) near Oxford Street in London. It is believed that the monthly rent of the flat is nearly 17 lakh. The UK daily also released a video of the diamantaire walking freely on London streets.
Since he fled the country after the fraud came to light, his appearance has changed a lot. The fugitive billionaire now sports a handle-bar moustache and has longer hair.
In the video released by the Telegraph, Modi was seen answering all questions by the journalist with a “no comment” and a smile or even a smirk on his face.
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
India requested to extradite the 48-year-old Modi from the UK last year in August, however, the extradition request against Modi has been pending since September.
The Interpol issued a Red Corner Notice (RCN) against Nirav Modi in July last year. Despite multiple reminders from Enforcement Directorate (ED) senior officials, UK authorities have made no efforts to arrest to Modi.
Worth mentioning here is that Modi’s plush Alibaug bungalow was demolished on Friday using explosives. The bungalow was attached by the ED following Modi’s involvement in the PNB case and it was handed over to collector’s office in January 2019, after the ED cleared Modi belongings and other valuables from the building.