India sends extradition request to UK for fugitive billionaire


  • World
  • Friday, 03 Aug 2018

FILE PHOTO: A Nirav Modi showroom is pictured in New Delhi, India, February 15, 2018. REUTERS/Adnan Abidi/File photo

NEW DELHI (Reuters) - India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion (1.5 billion pounds) loan fraud at state-run Punjab National Bank (PNB).

Modi's whereabouts have been unknown since PNB in January said that two jewellery groups headed by Modi and his uncle, Mehul Choksi, defrauded the bank for years by raising foreign credit using fake guarantees.

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