An Indian diamond billionaire who is on the run after being accused of defrauding a state-run bank out of £1.5billion has been found in an apartment in London‘s West End.
Nirav Modi, 48, is currently 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.
Despite his bank accounts bring frozen by Indian authorities, and an Interpol red notice being issued for his arrest, Modi is now involved in a new diamond business based in the capital.
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.
Nirav Modi, 48, is involved in a new diamond business in the capital – despite Indian police issuing an Interpol red notice for his arrest
Pictured: supporters of the Congress Party burn an effigy of Modi in New Delhi in February last year
This is despite Interpol’s red notice serving as a request for the British government to find Modi and arrest him ahead of an extradition.
Red notices list both the fugitive’s name and identifying features, as well as the crimes they are wanted for.
What is an Interpol red notice?
Interpol red notice’s is a request sent to police across the globe to find and arrest someone ‘pending extradition, surrender, or similar legal action’. It is not an international arrest warrant.
The notice includes the person’s name, date of birth, photo, and other identifying features. It also details information about the charge they are wanted for.
Modi’s notice said that he is wanted by Indian police for ‘criminal conspiracy, breach of trust, cheating and dishonestly inducing delivery of property, corruption, and money laundering’.
Hollywood stars have worn Modi’s designs in the past, and at one point he was worth around £1.3billion.
The Indian authorities accused Modi and his uncle, Mehul Choksi, of fraudulently getting Punjab National Bank Letters of Undertakings, then using these to take out loans from overseas branches of Indian banks in February 2018.
Modi has always denied the claims and says he is innocent.
The Home Office have been contacted for comment.
The diamond billionaire, 48, is currently living in a three-bedroom flat in the Centre Point tower block, where rent is estimated to cost £17,000 a month
Despite his bank accounts bring frozen by Indian authorities, and an Interpol red notice being issued for his arrest, Modi is now involved in a new diamond business based in the capital