Asia Briefs: Billionaire accused of bank fraud flees India

A Nirav Modi showroom

In its report headlined, 'Indian celebrity jeweller flees to United Kingdom claiming political asylum, ' Financial Times also added that Indian government was waiting for the country's law enforcement agencies to approach them before pushing for an extradition, which had thus far not happened.

On February 15, 2018, the ED had registered a money laundering case against Nirav Modi and others under the provisions of the PMLA on the basis of an FIR registered by the Central Bureau of Investigation.

The Financial Times newspaper yesterday cited officials in India and Britain as saying that Mr Modi had sought asylum in Britain for what he called "political persecution". The "CBI has no confirmation yet about Nirav Modi's whereabouts", an official said.

The 47-year-old and his uncle and business partner Mehul Choksi, also a diamond merchant, allegedly defrauded PNB out of 2.8 billion rupees ($43.8 million).

Modi is also accused of defrauding The Bank of India (BoI).

She, however, denied commenting anything on businessman and jewellery designer Nirav Modi case and said, "I will not comment on an ongoing case with legal processes involved".

Jade makes an unexpected return for Beyond Good and Evil 2
There's even something of a surprise at the end, but we'll let the trailer take it from here. All in all, it sounds like Beyond Good and Evil 2 is shaping up to be quite the game.

Flight diverted to Shannon after apparent BOMB threat
A Garda spokesperson confirmed to Independent.ie that no suspicious device was found, but that investigations are still underway. A message was reportedly discovered on the Boeing 767-330 plane that was perceived as a potential security concern.

Yes! Master Chief Returns in The Just Announced 'Halo Infinite'
Crackdown 3 finally got a release date (February next year), and Kingdom Hearts 3 is coming to Xbox as well as Playstation 4. If we were to simply hazard a guess, we're probably not going to hear about what's next for Xbox until E3 2020.

KUALA LUMPUR • A former Malaysian central bank official who was part of a team investigating beleaguered state fund 1Malaysia Development Berhad (1MDB) is tipped to be picked as the next governor of the bank, people familiar with the matter said.

His escape had caused massive public outcry, with opposition political parties accusing Prime Minister Narendra Modi of helping him flee.

India is already seeking the extradition of Vijay Mallya, a liquor and aviation tycoon, over unpaid loans to his defunct Kingfisher Airlines after the businessman and co-owner of the Force India Formula One team moved to Britain in March a year ago.

India's government is trying to reduce the crippling debts of the country's embattled state banks, including PNB. It is alleged that Nirav Modi and others had cheated PNB in connivance with certain bank officials by getting LOUs issued fraudulently without following due procedure, making the bank incur a huge loss.

An Indian government statement said that Shri Kiren Rijiju, deputy interior minister, told on Monday his visiting British counterpart Susan Williams that Britain "should not be viewed as a safe haven for men wanted by the law".

Related News:

  • Neymar honoured to go level with Romario on 55 Brazil goals

    Neymar honoured to go level with Romario on 55 Brazil goals

    However, Tite had midfielder Fred left off the team after he hurt his right ankle in training on Thursday. Under Tite , Brazil have regained the swagger that has been missing from recent World Cup squads.
    Ivanka Trump, Jared Kushner made $82 mn a year ago

    Ivanka Trump, Jared Kushner made $82 mn a year ago

    Such moves do not mean that Kushner has yet accumulated that debt, but that he has the ability to do so. Mr Kushner reported more than $5m in income from a New Jersey apartment complex.
    Arsenal Become Frontrunners for Lucas Torreira After Napoli Deal Collapses

    Arsenal Become Frontrunners for Lucas Torreira After Napoli Deal Collapses

    Torreira made 38 appearances for Sampdoria last season and can play in either defensive midfield or in a more attacking role. Any deal for Torreira will likely not be done until Uruguay's World Cup campaign finishes.
  • Merkel Blasts Trump for 'Withdrawal by Tweet' From G7 Statement

    Merkel Blasts Trump for 'Withdrawal by Tweet' From G7 Statement

    She further said that the USA tariffs were "illegal and unjustified" and Canada did not believe in using "ad hominem attacks".
    Robert De Niro Says 'F--k Trump' at 2018 Tony Awards

    Robert De Niro Says 'F--k Trump' at 2018 Tony Awards

    What viewers at home didn't hear, was that De Niro dropped two F-bombs while hurling insults at President Trump . Robert De Niro launched an expletive-laden attack on President Donald Trump during a live broadcast.
    Dennis Rodman broke down in tears talking about North Korea-US situation

    Dennis Rodman broke down in tears talking about North Korea-US situation

    I couldn't even go home for 30 days. "I don't want to do war", Rodman had quoted the North Korean leader as saying . The five-time NBA champion and basketball Hall of Famer wiped away tears of joy behind his sunglasses.
  • Key Donald Trump advisers attack ‘back stabber’ Justin Trudeau

    You should ask Prime Minister Abe. "Sorry, we can not let our friends, or enemies, take advantage of us on trade any more". Tensions between the two world leaders have increased after Trump announced tariffs on steel and aluminum .
    Jamie George demands England honesty after South Africa defeat

    Jamie George demands England honesty after South Africa defeat

    England have been badly in need of a pick-me-up and if the reptilian extravaganza helps restore morale ahead of the series-shaping second Test in Bloemfontein on Saturday then it will have achieved its objective .

    Maybe Frank Warren was wrong about Anthony Joshua's next fight after all

    TV is Eddie's call", Finkel said. 'It will take place in the United Kingdom either September or October according to Eddie Hearn. Deas said he's not authorized to discuss details of the potential purse and that the venue and date are up to Joshua's camp.
  • US unveils de facto embassy in Taiwan amid China tensions

    US unveils de facto embassy in Taiwan amid China tensions

    Beijing suspects Tsai wants to push for formal independence, which would cross a red line for Communist Party leaders in Beijing. The completion of the new AIT offices - built over nine years at a cost of $250 million - comes amid closer US-Taiwan ties.

    E3 2018: Fallout Shelter Switch and PS4 Versions Announced

    Players are able to take over nuclear launch facilities to launch missiles against rival gangs or unknown territories. Dan Casey is the senior editor of Nerdist and the author of books about Star Wars and the Avengers .
    Tory minister criticised for

    Tory minister criticised for "plain nasty" Brexit hanging comments

    Theresa May has begged Tory rebels not to undermine her Brexit negotiating position on the eve of key votes in the Commons.


Most liked

Kim Jong Un commits to ‘complete denuclearization’ after meeting with Trump
Trump praised what had been achieved at the summit calling it a " new chapter " in relations with the North. Kim as "little rocket man", and warned that the USA would "totally destroy" North Korea.

Domino's Repaves Roads to Save Pizza
The company helped fill five potholes in Burbank, eight in Bartonville, 40 in Milford, and 150 square yards of roads in Athens. On May 3, a Domino's spokesperson said the discovery was "an extremely isolated incident, confined to a single store".

Resident Evil 2 remake debuts at Sony’s E3 show
Players can expect fresh take on the stories of Claire and Leon, as they move around the city in a desperate effort to stay alive. In a press release, Capcom said the "game has been completely rebuilt from the ground up for a deeper narrative experience".

Halo Infinite Revealed For Xbox One
So what can fans expect on the day? The Xbox live stream is scheduled for Sunday, June 10 at 9 PM BST / 1 PM PT / 4 PM ET. Halo Infinite is powered by a new game engine created by Halo developer 343 Industries , called the Slipspace Engine.

South Korea Didn't See This Coming - Cortney O'Brien
But according to him, the sanctions will remain in effect until the US confirms North Korean nuclear weapons are no more . US forces in South Korea were also apparently clueless as to the decision to suspend the military exercises.

Everything we know about 'Fallout: 76'
Like previous reports stated, yes, Fallout 76 is an online game, meaning other players will inhabit your world, but only dozens. The narrative seems focused on the idea of rebuilding after the destruction - 76 will be set before Fallout 4 .

England aim for World Cup quarter-finals
England wrapped up their St George's Park camp preparations by staging an internal match on the Sir Bobby Charlton Pitch. We know everything else comes on the back of that.

Joint Statement of North Korean leader and US president
But is sticking with United States sanctions against the North " In the meantime, the sanctions will remain in effect". The North Korean leader's sister and close confidante Kim Yo Jong was among the lunch party.

Congolese ex-Vice President Acquitted of War Crimes
Bemba, wearing a suit and tie, showed little emotion as Presiding Judge Christine Van den Wyngaert reversed his convictions. He said Bemba would probably go to Belgium to meet with his family there before returning to Congo after he is released.

Tesla plans to launch electric compact vehicle within five years: Musk
But, what Tesla is expected to deliver would, more likely, move it into the realm of what is referred to as Level 3 technology. Musk has previously said the software will "never be perfect" and is not created to replace human control of a vehicle.

Real Madrid ready to sell Cristiano Ronaldo
Marca's report also states that the club's obsession with bringing the Brazilian to the Bernabeu has angered Ronaldo. We are becoming more independent of great players".

Ariana Grande engaged to boyfriend Pete Davidson
She later added another tweet that said "i love u sm ok bye" along with a lot of emojis of a monkey with its hands over its eyes. Pete Davidson joined the cast of SNL aged 20, making him one of the youngest actors ever to be on the show.

HBO confirms Game of Thrones prequel
Martin has his way, the drama's recently ordered spinoff pilot will be called The Long Night . Weiss will move on to write and produce a new series of "Star Wars" films .

Ubisoft Shares New Screenshots For Tom Clancy's The Division 2
The Division 2's initial level cap is 30, and that's when you'll be able to choose a specialization, Ubisoft said. In the wake of the virus, storms, flooding and subsequent chaos have radically transformed the city.

One-on-one meeting between Trump and Kim Jong Un causes problems
The North Korea leader said through a translator that the document "heralds a new start, leaving the past behind". Mr Trump had said on Saturday he would know within a minute of meeting Mr Kim whether he would reach a deal.