PNB Scam: Nirav Modi Flees To UK, Seeks Asylum

| June 11 , 2018 , 11:57 IST

Nirav Modi, accused in the Punjab National Bank (PNB) scam over Rs 13,000 crore, is in the UK where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.

According to the report, Nirav Modi is in London and has claimed political harassment. Ministry of External Affairs told the newspaper that the Indian government agencies have not contacted him yet for extradition. The Ministry refused to answer any questions asked by the media agencies.

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According to media reports, Nirav Modi has approached at least two firms in the United Kingdom, One of them is Boutique Law, a firm linked to Indian-origin lawyer Anand Doobay who specialises in criminal and regulatory matters including fraud, extradition and money laundering. The other company whose services Nirav Modi is learnt to have sought is Mishcon De Reya.

The Central Bureau of Investigation (CBI), when asked by the media said it had no information of Nirav Modi's latest move. "We have a diffusion notice out with the Interpol which means that if he moves internationally, they will inform us,'' said a CBI spokesperson.

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Police filed charges against more than 25 people in May in the following case including Nirav Modi, Mehul Choksi, former PNB chief Usha Ananthasubramanian, two of the bank’s executive directors and three companies belonging to Nirav Modi. Nirav Modi left India in early January before the CBI started investigating allegations that he had secured thousands of crores in loans that he never paid back using fake guarantees supplied by the officials of Punjab National Bank.