Nirav Modi in NY, travelling on cancelled passport: Sources
NEW DELHI: Celebrity jeweller Nirav Modi, wanted in India for loan fraud, is reportedly still travelling on his Indian passport, which was cancelled by the government in February. He is believed to be in New York.
"If the host country accepts a traveller, the passport being suspended or cancelled is not an issue," said sources.
Nirav Modi left India in the first week of January before the CBI started investigating allegations that he had secured thousands of crores in loans he never paid back using fake guarantees supplied by officials of the Punjab National Bank (PNB).
Sources say the billionaire went from Mumbai to the UAE, then to Hong Kong and London. He left the UK in March and is now in New York.
"He left India on January 1. On February 2 he left UAE and on February 14 he left Hong Kong. We have evidence with us to prove that he travelled on these dates to these countries. We will be presenting it all to the host country soon," an official revealed.
This means Nirav Modi had left when India requested Hong Kong authorities in March to arrest him and hand him over based on an extradition agreement of 1997.