Monday, 11 June 2018

Indian gem billionaire Nirav Modi seeking political asylum in London, Financial Times reported


Nirav Modi right
 
Nirav Modi, whose jewellery has been worn by Hollywood and Bollywood stars, is seeking political asylum in London following fraud allegations, the Financial Times has reported.

 
The Indian jeweller went missing in February after allegations emerged of a $2bn fraud at the Punjab National Bank.


Indian police issued a warrant for the billionaire diamond trader's arrest.


His firm's Indian stores were closed, and assets were seized including bank accounts and luxury cars.


Over the past eight years Mr Modi has established an international jewellery brand with stores in London, New York and Hong Kong, selling diamond encrusted necklaces and earrings.
Stars such as Kate Winslet, Rosie Huntington-Whiteley and Naomi Watts, have been seen wearing his products. Bollywood star Priyanka Chopra advertises the brand.





BBC    News.