LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

India waiting for UK reply after fugitive Nirav Modi's video surfaces

India had asked Britain in August to extradite Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), India`s biggest banking fraud.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India waiting for UK reply after fugitive Nirav Modi's video surfaces
India waiting for Britain to respond to its request to extradite fugitive billionaire jeweller Nirav Modi, Photo: PTI
Written By: Reuters
Updated: Sat, Mar 09, 2019
04:44 pm
New Delhi, Reuters
RELATED NEWS
Jet Airways shares jump over 4 per cent after PNB loan Jet Airways shares jump over 4 per cent after PNB loan
PSBloansin59minutes.Com: Punjab National Bank sanctions loans worth Rs 689 crore to 1,600 MSMEs PSBloansin59minutes.Com: Punjab National Bank sanctions loans worth Rs 689 crore to 1,600 MSMEs
Punjab National Bank cuts MCLR rates by 10 bps from Mar 1 Punjab National Bank cuts MCLR rates by 10 bps from Mar 1
PNB Recruitment 2019: New vacancies announced with salary over Rs 50,000! PNB Recruitment 2019: New vacancies announced with salary over Rs 50,000!
HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loan rates compared HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loan rates compared

India said on Saturday it was waiting for Britain to respond to its request to extradite fugitive billionaire jeweller Nirav Modi, after London`s Telegraph newspaper reported that he was living in an upscale apartment in London. India had asked Britain in August to extradite Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), India`s biggest banking fraud.

A spokesman for India`s foreign ministry said the government knew that Modi was in London.

"Just because Nirav Modi has been spotted doesn`t mean he will be brought back immediately," Raveesh Kumar, a spokesman for India`s foreign affairs ministry said, adding that it was waiting for the United Kingdom to respond.

The diamond tycoon is seen walking down the streets of London, repeatedly saying "sorry, no comment" to questions by a Telegraph reporter on his extradition status, how long he intends to stay in London and about his business partners.

Modi, a stubby man with a moustache and thin hair, is seen responding with a straight face in a video posted on Twitter by the Telegraph. The newspaper reported that he was wearing a jacket that was made of ostrich hide, which would have cost at least 10,000 British pounds.

Watch Zee Business Tweet video here:

पिछले 4 सालों में #MSME सेक्टर में नौकरियां बढ़ी: #CII सर्वे#CIIMSMEJobSurvey @FollowCII @CIIEvents pic.twitter.com/4lWxzBna6H

— Zee Business (@ZeeBusiness) March 9, 2019

Punjab National Bank, India`s second-largest state-run bank, in 2018 said that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by raising credit from other Indian banks using illegal guarantees issued by rogue PNB staff.

Modi and Choksi, who have both denied wrongdoing, left India before the details of the fraud became public.

India`s opposition has picked on the video to criticise Prime Minister Narendra Modi`s government, which is also under fire for its inability to bring back Vijay Mallya, another fugitive seeking asylum in the United Kingdom.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Punjab National Bank (PNB)Punjab National Bank
RELATED NEWS
Jet Airways shares jump over 4 per cent after PNB loan Jet Airways shares jump over 4 per cent after PNB loan
PSBloansin59minutes.Com: Punjab National Bank sanctions loans worth Rs 689 crore to 1,600 MSMEs PSBloansin59minutes.Com: Punjab National Bank sanctions loans worth Rs 689 crore to 1,600 MSMEs
Punjab National Bank cuts MCLR rates by 10 bps from Mar 1 Punjab National Bank cuts MCLR rates by 10 bps from Mar 1
PNB Recruitment 2019: New vacancies announced with salary over Rs 50,000! PNB Recruitment 2019: New vacancies announced with salary over Rs 50,000!
HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loan rates compared HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loan rates compared

LATEST NEWS

7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance

Bitcoin : Microstrategy and Tesla are moving parts of their corporate treasuries into Bitcoin says CIti Research

LIVE: Gujarat Municipal Election Results 2021: BJP wins 803 seats - Check latest news updates, seat details here

EXCLUSIVE - Maritime Summit 2021: Cochin Shipyard, Shipping Corporation set to emerge as big beneficiaries

Stocks in Focus on March 2: BPCL, Auto Stocks, IGL, NMDC to Coal India; here are the 5 Newsmakers of the Day

SBI mega e-Auction: Chance to buy your dream home, other properties at affordable prices

Hero MotoCorp shares rise nearly 4 pc as sales rise in Feb

Mid-cap Picks with Anil Singhvi: GATI, Swaraj Engines, Bharat Dynamics are Sacchitanand Uttekar recommendations today

Good news for Vi users! Vodafone Idea subscribers to get health insurance benefit on mobile recharges

Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved