Nirav Modi Spotted In London, Report says he has started new Business

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The investigating agency of India who is looking for the scam fugitive Neerav Modi was found roaming on the streets of London.

According to a report published in The Telegraph, the multi-crore Punjab National Bank fraud in India, is living luxurious apartment located in London's West End and running a diamond business.

In a video released on Saturday by the UK-based newspaper, Modi has been shown in a jacket made from “Ostrich hide” which costs "less than £ 10,000" (more than 9 lakh rupees),answering "no comment" of every question presented by the reporter.

Report stated that the Modi lives in a three-bedroom flat in London's Landmark Center Point Tower block which has a value of at least £ 17,000 (Rs 15 lakh).

Referring to high level sources in the UK government, The Telegraph said that Modi had been given the National Insurance Number provided by the Department of Work and Pension, which allows him to operate online bank accounts in the country, while still being on a wanted list in India. When he is asked, Modi replies: "No comment".

Modi and his maternal uncle Mehul Choksi are being investigated by Indian investigating agencies after the PNB reported that it had been cheated of Rs 13,600 crore through fraudulent issue of letters LoUs and foreign letters of credit (FLCs).

PNB reported that Modi and his uncle Mehul Choksi were being examined by Indian investigating agencies after fraud of 13,600 crores through foreign letters of LoC's foreign letters (credits).

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