Nirav Modi Seeks Political Asylum In UK Weeks After NDTV Report

Indian jeweller accused of multi-billion dollar fraud flees

Greenery in the pocket: Some prominent Indians who've sought refuge in United Kingdom have been men of considerable financial means-music director Nadeem Saifi, former IPL administrator Lalit Modi, Kingfisher Airlines' Vijay Mallya, and, the most recent, diamantaire Nirav Modi, accused of perpetrating the biggest fraud on Indian banking system, of $2 billion.

The Central Bureau of Investigation (CBI) on Monday approached the Interpol seeking a red corner notice against billionaire jeweller Nirav Modi, who is at the centre of the over $2 billion PNB fraud case.

The billionaire jeweller has asked for political asylum, claiming what he says is "political persecution" back home, according to a Financial Times report.

"The Mission has also submitted video and photographic evidences of the culprits to the Metropolitan Police and is following up with them", the official said.

Investigators have arrested 25 people for enabling the defrauding of the bank with forged documents.

Stars such as Kate Winslet, Rosie Huntington-Whiteley and Naomi Watts, have been seen wearing his products.

Modi's reported attempt to seek asylum in Britain comes as India's government seeks the extradition from there of liquor tycoon Vijay Mallya.

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A spokesman for Britain's Home Office said it does not comment on individual cases.

India's second-largest state-run bank, Punjab National Bank, claimed earlier in 2018 that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded the lender of about $US2.2 billion by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff.

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Several Indian courts have issued arrest warrants over his failure to appear before them since he fled.

It recently announced a $32-billion recapitalisation plan to help them clean up their books ahead of the general election in 2019. The case has soured British-Indian relations.

India's PTI news agency quoted unnamed sources as saying that Williams confirmed in the meeting Modi's presence in Britain but that she had promised London's full cooperation.

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