PNB scam: Nirav Modi living in luxury flat in London, running business

India’s fugitive billionaire Nirav Modi found in London living lavishly in plain sight

Reacting to the developments related to Nirav Modi's extradition and the fugitive businessman running a legitimate business in London, Ministry of External Affairs Spokesperson Raveesh Kumar on Saturday said the government would do everything that is necessary to bring him back. Mr Choksi holds a citizenship of Antigua and Barbuda.

In a video posted by the newspaper, Modi can be seen sporting a handle-bar moustache and wearing an Ostrich Hide jacket, estimated to cost 10,000 pounds.

Last month, the absconding diamond trader Nirav Modi, a prime accused in the multi-crore Punjab National Bank fraud case scam, claimed that he had not done anything wrong and the scam was a civil transaction. It has been described as the biggest fraud in Indian banking history.

The newspaper, quoting government sources, also reported that Modi has been given a national insurance number - needed to legally work in the United Kingdom - and has been operating bank accounts online while being wanted by India.

While the Indian government is trying tooth and nail to capture the fugitive diamantaire Nirav Modi, he appeared to be living and roaming freely in the UK's capital city London in a slightly new avatar. The reporter finally followed him for some time and then asked him if he has applied for political asylum. Indian agencies have frozen his accounts and attached his stores and properties.

The revelation comes a day after Modi's 30,000 sq ft seaside mansion at Kihim beach in Maharashtra was demolished by authorities using explosives. The 48-year-old billionaire is living in an £8 million apartment situated in London's West End.

"The business, which was incorporated last May, is linked to his flat in Centre Point although he is not listed as a director at Companies House", the Telegraph reported, wondering how Modi's presence remained unnoticed by the British authorities.

A source told the Telegraph that he had been given a National Insurance number, meaning he can legally work here, and has used British bank accounts. He has also been in contact with a wealth management company based in west London, which specialises in advice to rich foreigners.

Also Read: The coast is clear.

If the allegations are true, the United Kingdom would effectively be harboring a man who has been placed on Interpol's Red Notice list last July.

The UK Home Office declined to comment on the case, while courts have no record of any extradition case being opened against Nirav, the report said.

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