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Indian billionaire flees to Britain, seeks asylum

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.

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”.

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.

The success made him one of India’s richest people, with a personal wealth of $1.75bn, according to Forbes.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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