Fugitive Indian Diamond Tycoon Spotted in London, Faces Extradition

Nirav Modi is one of the main accused along with his uncle Mehul Choksi in the Rs 13,000 crore Punjab National Bank scam

Nirav Modi, 48, is now living in a three-bedroom flat in the Centre Point tower block, where rent is estimated to cost £17,000 a month, reports the Telegraph.

Centre Point tower block, in London's West End.

"Fugitive Nirav Modi has been seen enjoying in London, living in a ₹75 crore flat and wearing a £10,000 jacket", All India Congress Committee (AICC) general secretary in charge of media, Randeep Surjewala said. Both extradition requests, by the Enforcement Directorate and Central Bureau of Investigation, are being "considered" by the United Kingdom government, Kumar said. While slightly altering his appearance with a handlebar mustache, the man has been recorded strolling to and from his new business office in Soho, which specializes in the diamond trade. Notably, by entirely changing Nirav Modi look is trying to disguise himself as he is wanted in India and facing extradition case. The newspaper also posted a video where the absconding bank-fraud accused, sporting a 10000-pounds (Rs 9 lakh approximately) Ostrich Hide jacket, is seen responding to a volley of questions with repeated "No comments".

Nirav Modi is living at an apartment in London's West End, The Telegraph UK reported on Friday.

Modi, 48, is now living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 pounds a month, as per the British Daily report. The monthly rent for the property is estimated to be £17,000 a month (over 15 Lakh), reports said. The businessman fled India in January 2018, days before a scam was unearthed, in which the Punjab National Bank accused Modi and his maternal uncle Mehul Choksi of cheating the bank of Rs 13,600 crore.

Non-bailable warrants were issued against Nirav Modi and Choksi.

The revelation comes a day after Modi's 30,000 sq ft seaside mansion at Kihim beach in Maharashtra's Raigad district was demolished by authorities using explosives for alleged violation of coastal regulation rules. This firm was incorporated in May past year and is linked to the flat. Nirav Modi has also got UK's Nation Insurance Number, which is normally provided to United Kingdom nationals only and allows people to do business, carry out bank transactions, etc, legally.

The Home Office have been contacted for comment.

The tycoon continued to remain at large even after Interpol issued a red notice for his arrest on the request of the Indian authorities in July 2018.

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