New Delhi: The United Kingdom has confirmed fugitive billionaire Nirav Modi’s presence in its territory. The Central Bureau of Investigation (CBI) has moved a request to London to extradite the celebrity diamantaire.
Nirav Modi, who is wanted for loan fraud in India, along with his kin, including his uncle Mehul Choksi left India in January, weeks before the massive bank scam came to fore.
The Rs 13,500 crore Punjab National Bank (PNB) scam was detected in January 2018, after which PNB officials reported it to the probe agencies.
Multiple investigating agencies are before Nirav Modi and his uncle Mehul Choksi after reports that the duo has extracted crores in loans from banks abroad on the basis of fake guarantees in the name of PNB, India’s second largest state-owned bank.
In July 2018, the Interpol had issued a Red Corner Notice against Nirav Modi after the CBI had approached Interpol.
Earlier in August, the government had informed parliament that an extradition request for Nirav Modi had been sent to the Indian mission in UK.
The request has been sent by a Special Diplomatic Bag to the High Commission of India in London, Minister of State for External Affairs VK Singh had said in parliament.
India had cancelled the passports of both Nirav Modi and Mehul Choksi in February.