Do you remember Nirav Modi, the diamond merchant, jewelry designer, and businessman? Well, how can one forget this name, right! This is the man responsible for what is probably the biggest banking fraud in Indian history. He and his maternal uncle Mehul Choksi are under investigation for fraud to the tune of about Rs 13600 crores. It all started when Nirav with the help of few Punjab National Bank (PNB) officials got his hands on fraudulent Letter of Undertaking (LOUs). He used these LOUs to cheat international branches of Indian banks.
And by the time anyone figured out what was going on, it was too late. Nirav and Mehul had already rung up a loss of Rs 11,000 crores for the Indian bank, PNB. The unearthing of this scam in 2018 led both Nirav and Mehul to escape from India.
And as per a recent report, Nirav Modi seems to be living a gala life in London, UK. Yes, surprising as it may sound, all is well for the Indian diamond fraudster. As per a video posted by The Telegraph, a reporter spotted Modi on the streets of London. Check out the video of Nirav Modi as posted by the Telegraph:
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India’s historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ
— The Telegraph (@Telegraph) March 8, 2019
Modi was apparently wearing an ostrich hide jacket, that costs upwards of around Rs. 9 lakh. Not just this, the reports from The Telegraph also suggest that he is currently residing in an apartment worth £8 million in West London. As soon as the news of Nirav Modi living it up in London broke, social media went into a tizzy. This is what some of the reactions went like:
They knew he wouldn’t pay later.
— Ankita Singh (@DelhiteAnkita) March 9, 2019
The sad Indian story
The Sad Indian Story:
First they rob us, then they leave us. Then nothing happens. #FromMallyaToModi
— bharat : sharma (@boynamedbharat) March 8, 2019
After Britishers, Indians are looting India and heading to England
200yrs British looted India and took it to England
Now Indians loot India and take it to England#NiravModi
— Padma Rani INDIAN (@KPadmaRani1) March 9, 2019
Our enforcement agencies seem completely incompetent
@PMOIndia @dir_ed @narendramodi Please arrest him (Nirav Modi). Our enforcement agencies seems incompetent enough that most sought fugitive offender like him roaming freely on the roads of UK @10DowningStreet He has looted public’s hard earned money. @theresa_may @MEAIndia
— SUNIL PAREEK (@pareekindia) March 9, 2019
Western democracies for scoundrels
How come these scoundrels are so comfortable in western democracies!
— Dr Narain Rupani (@DrRupani) March 9, 2019
Running the ‘No Comment’ reply to the ground, LOL!
— 🐶GS🐶 (@suharia) March 8, 2019
London- the hot asylum for Indian fugitives.
Nirav Modi is enjoying in London after looting 11360 Crores
Malaya is believed to b in London after looting 9000 Crores
Lalit Modi enjoying in London after having big scam. Sanjay Bhandari..
Is London becoming a hot asylum destination for Indian fugitives https://t.co/HOlu6RlAan
— جانے بھی دو یارو Jaane bhi do Yaro (@mat_jane_de_yar) March 9, 2019
We owe one to The Telegraph
Excellent Job! We owe you @Telegraph
— Rizvan رضوان (@rizvan_in) March 9, 2019
Buying a £ 10k jacket is the real crime here
Anyone who pays £10k for that jacket should be locked up anyway.
— Oliver Mitchell (@OllyMitch83) March 8, 2019
Turns out, Nirav Modi has applied for asylum in the UK, but nothing has been made official yet. Some reports also suggest that Indian authorities have filed for the extradition of Nirav back to Indian soil, and are awaiting a response. What are your views on the whole matter? Let us know in the comments section below.