Nirav Modi is the main accused in an alleged fraud of over Rs 11,400 crore at Punjab National Bank. (Source: Instagram)

Nirav Modi Stayed In Flat Above Jewellery Store In London: Report

Indian billionaire Nirav Modi was living in a flat just above his jewellery store in the post Mayfair area of London while he was being hunted in India for an alleged money laundering case of over $2 billion, according to a media report today.

The 47-year-old diamantaire was able to travel in and out of Britain at least four times since his passport was cancelled by the Indian authorities in February, The Sunday Times reported. During his stay, he was reportedly living in the heart of the city above his jewellery boutique called “Nirav Modi” on Old Bond Street, which was reportedly closed last week, .

Also read: ‘Systemic Error’ May Have Allowed Nirav Modi To Travel On Revoked Passport

"Why are they always ending up in London? It's as if the U.K. is a safe haven," an Indian official quoted by the newspaper said.

Modi and his uncle Mehul Choksi are accused of benefiting from a huge fraud against the Punjab National Bank, the country's second largest public lender. Indian courts have issued warrants for the arresting both.

Also read: Punjab National Bank’s Internal Probe On Nirav Modi Scam Names 54 Officers