• Friday, March 29, 2024

HEADLINE STORY

Indian billionaire jeweller seeks asylum in the UK

Indian billionaire jeweller Nirav Modi (centre) is wanted over an alleged massive bank fraud. He is pictured with Naomi Watts (left) and Deborra-Lee Furness (Photo by: Jamie McCarthy/Getty Images)

By: Lauren Codling

INDIAN billionaire jeweller Nirav Modi, wanted over an alleged massive bank fraud, has fled to Britain where he is seeking asylum, according to a report Monday (11). Modi, whose celebrity clients have included actress Naomi Watts and Kate Winslet, is accused of involvement in a $1.8 billion scam against Punjab National Bank (PNB), India’s second-largest state-run lender. The 47-year-old has been on the run since the scandal broke in February, rocking India’s corporate world. The Financial Times newspaper cited officials in India and Britain as saying that Modi had sought asylum in Britain for what he called “political persecution”. Indian…

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