Indian diamond billionaire on the run found in London's West End

India demands answers on why Britain allowed Nirav Modi to 'hide in plain sight'

PNB scam: ED chargesheets Nirav Modi’s wife Ami; Red Corner Notice may be issued against her

With diamantaire Nirav Modi traced to London, the CBI is in touch with Interpol and United Kingdom authorities asking them to act on the red notice against the fugitive and arrest him with immediate effect. LONDONBillionaire jeweller Nirav Modi, wanted in India over the Rs 13,700-crore PNB fraud, is living freely in London, where he is now involved in a new diamond business, British newspaper The Telegraph reported on Friday after confronting him in a busy street.

A Red Notice, the report said, "is a request to locate and provisionally arrest an individual pending extradition", and not "an worldwide arrest warrant".

Nirav Modi, one of the prime accused in the multi-crore Punjab National Bank (PNB) scam has been tracked down to London's West End where he has reportedly begun a new diamond business.

The ED and the CBI are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed past year. "You are wrong if you think we are not pursuing Nirav Modi case, just like we were the Vijay Mallya case". His extradition case will now be further evaluated by the court, which might issue a provisional arrest warrant against Nirav Modi soon.

Interpol red notice's is a request sent to police across the globe to find and arrest someone "pending extradition, surrender, or similar legal action".

It has now approached the Interpol for a Red Corner Notice aimed at bringing Nirav Modi back for facing trial in the cases against them, the sources said. Sporting a beard, a pink shirt and what the newspaper described as an "ostrich leather" jacket, Modi was confronted by a reporter.

Security guards stand inside a Nirav Modi showroom during a raid by the Enforcement Directorate, a government agency that fights financial crime, in New Delhi, India, February 15, 2018. Later, India asked Britain to extradite him after reports said he had entered that country. He has also been in contact with a wealth management company based in west London, which specialises in advice to rich foreigners.

The Telegraph's report, which included a video interview with the fugitive businessman, claimed that Nirav Modi had been given a Nation Insurance number, which allows him to work in the UK. Several reporters were seen trying to speak to him, but Modi constantly refuses to take their questions with a "no comment" retort.

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